Maldives awarded US$6 million loan for clean energy projects
20 Jan 2014, 5:25 PM
Daniel Bosley
The Abu Dhabi Fund for Development (ADFD) has pledged Dh22million (US$6 million) in concessionary loans for clean energy projects in the Maldives, Abu Dhabi media has reported.
The announcement came as Abu Dhabi hosted the Fourth Assembly of the International Renewable Energy Agency (IRENA) – attended by a delegation from the Maldives.
“Maldives does not have the luxury of time to sit and wait for the rest of the world to act and that Maldives has started the transition from fossil fuels to renewable energy,” Maldivian Minister for Environment and Energy Thoriq Ibrahim told the assembly.
Local newspaper ‘The National’ has reported that the loans will provide half of the funds for a waste to energy project that will address both environmental and health issues in the Maldives.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
