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First SEZ approval for floating solar project

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The first permission under the Special Economic Zone (SEZ) Act, has been extended to establish a floating solar system in the Greater Male’ region.

The project was greenlit at the third meeting of the Ministry of Economic Development and Trade’s Board of Investment, held on Wednesday.

Ministry of Economic Development and Trade reported it had extended the project approval to Canada’s Abraxas Power Corp, which it is set to run in partnership with Sungrow Power Supply Co Limited.

Under the project, a 150-megawatt floating photovoltaic (PV) power plant and supporting infrastructure would be established, while additional fund injection would required to connect the project to the main electrical grid in the Greater Male’ region.

The initiative is aligned with President Dr. Mohamed Muizzu’s vision of expanding renewable energy share in the national power supply network to 33% by 2028.

While the renewable plan will pave way towards expanding the alternative utility footprint in the Maldives, President Muizzu announced receipt of a large-scale proposal under the SEZ on December 24th, 2023 – days after the government decided to reduce the lowest project value for an SEZ initiative.

Earlier on December 17 last year, President Muizzu reduced the lowest project value of an SEZ projects to USD 100 million, which previously stood at USD 150 million.

The SEZ Act was first introduced in 2015 under which special economic zones focused towards developing various economic initiatives were set.

President Muizzu pledged to inroduce special economic zones across the Maldives and open up foreign investment prospects.

Source(s): sun.mv

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Developmental projects of Maldives progressing substantially

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India’s Minister of External Affairs Dr. S. Jaishankar has affirmed that the developmental projects of the Maldives carried out with the assistance of India have been progressing considerably. The remarks were made by the minister during the Confederation of Indian Industry (CIIs) Annual Business Summit.

Speaking at the summit, Minister Jaishankar stated that some developmental projects were slightly politically influenced, hindering the progress. However, he assured that the progress of the projects have propelled at a notable rate.

Following the Minister of Foreign Affairs Moosa Zameer’s official visit to India at the invitation of Minister Jaishankar, discussions were held highlighting the spectrum of initiatives across the nation has been kickstarted through loans and grants from the Government of India during the previous administration. He emphasised the current government’s commitment to prioritising the resumption and completion of these projects.

Meanwhile, the Government of India has reaffirmed its commitment to the development and prosperity of the Maldives by extending a budgetary support of USD 50 million to be repaid within a term of one year.

Source(s): PsmNews

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Police officers complete training to prevent maritime terrorism acts

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A team of 22 police officers has successfully completed a specialised training programme focused on thwarting maritime terrorism activities.

Entitled “Training on Strengthening Capabilities to Disrupt Maritime Crimes as Related to Terrorist Threats,” the program was conducted through a collaborative effort between the Maldives Police Service (MPS) and the United Nations Office on Drugs and Crime (UNODC). Running from May 13 to 15, the intensive training equipped participants with essential skills and knowledge crucial for combating threats in maritime environments.

The concluding ceremony, graced by the presence of Chief Superintendent of Police Ibrahim Adnan Anees, Head of Marine Police, along with senior officials from the Marine Police Department, UNODC’s Head of Office Enrico Boninsegna, and course instructor Kenneth Alferdo Pennington, highlighted the significance of such initiatives in enhancing national security.

Addressing the gathering, Adnan underscored the importance of ongoing education and skill development, urging participants to actively apply the knowledge garnered from the program in their professional endeavors.

The training, conducted at Dhoonidhoo, Kaafu Atoll, imparted vital insights into the prevention and detection of maritime terrorism activities, emphasizing protocols for safe navigation in high-risk areas. Furthermore, officers received guidance on investigative procedures essential for effectively addressing such crimes, thereby bolstering the nation’s capabilities in combating maritime threats.

Source(s): PsmNews

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President reverts land act amendment to parliament

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President Dr. Mohamed Muizzu has reverted the Ninth Amendment Bill to the Maldives Land Act to Parliament for further consideration.

This bill, which seeks to establish criteria for recipients of residential land and mandates that land be allocated within three months of the publication of the permanent list of recipients in the gazette, was initially passed during the twenty-second sitting of Parliament’s first session this year and sent to the President’s Office for ratification on May 2.

In returning the bill, President Muizzu invoked Article 91(a) of the Constitution, which grants the President the authority to return legislation to Parliament for reconsideration.

The President’s Office has confirmed this, indicating the need for further review and potential revisions to the proposed amendment.

Source(s): PsmNews

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