The Government of the Republic of Maldives, through the Ministry of Finance, has launched the pre-qualification tender for the development of the Accelerating Renewable Energy Integration and Sustainable Energy (ARISE) Project with the support of the World Bank.
The ARISE project involves the construction of solar plants in two installation lots under the Design, Build, Finance, Own, Operate, and Transfer Basis of Public-Private Partnership (PPP) investment scheme.
The first one is the development of a 10 MW floating solar array in Addu City. The second lot is for the installation of 11 MW of ground-based plants in Addu City, Fuvahmulah City, Kulhudhuffushi City, Thinadhoo, Eydhafushi, and Hinnavaru.
The selected developer will also be awarded the standard power purchase agreement (PPA) for 15-20 years.
The deadline for the submission of documents to participate in the tender is on March 12, 2020.
You can see the details of the tender on our business opportunity page here.
Country updates
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April 05, 2018
Malaysia Airports Holdings divests from Maldives airport
Malaysia Airports Holdings Bhd (MAHB) has entered into a share purchase agreement for its entire 23% stake in GMR Male International Airport Ltd (GMIAL). The company expects to gai...
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October 16, 2017
The Ministry of Finance and Treasury has initiated the tender process of the project
The Ministry of Finance and Treasury has initiated the tender process of the project. Bids are due November 23
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November 02, 2016
GMR wins arbitration against Government of Maldives; gets compensation of US$ 270 million
GMR Male International Airport Limited (GMIAL), a subsidiary of GMR Infrastructure Limited, has announced it has been awarded compensation of approximately US$ 270 million by the 3 member internationa...
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February 26, 2016
Maldives Tribunal rules out in favour of GMR Airports
Maldives airport arbitration tribunal has ruled that such damages payable by Government of Maldives to GMR Infrastructure will also include all the sums lent by Axis Bank Singapore to GMR Infrastructu...
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June 30, 2014
Three Chinese companies submit proposals for Maldives bridge PPP
The Government of the Republic of Maldives has received three proposals from Chinese companies to develop the Male'-Hulhule bridge through a PPP project.
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