The Ministry of Climate Change, Environment, and Energy has announced that Singapore-based company Chi Energie Private Limited has submitted a proposal to establish a Liquified Natural Gas (LNG)-based power generation network in the Maldives.
According to the ministry, representatives from Chi Energie presented their proposal during a meeting with Minister Thoriq Ibrahim and other senior officials. The proposal outlines the development of a power generation network utilising modular LNG technology, which the ministry believes could significantly enhance the country’s energy sector while promoting environmentally friendly electricity generation.
LNG, a natural resource extracted from underground, is widely used for electricity generation in many countries. It is considered more environmentally friendly compared to traditional fuel oils, as it produces fewer emissions when burned. The government’s aim is to reduce reliance on fuel-based electricity generation and shift towards renewable energy sources. President Dr Mohamed Muizzu has committed to transitioning 33% of the country’s energy to renewable sources by the end of his term.
The proposal by Chi Energie presents an interesting opportunity for the Maldives to diversify its energy mix. While LNG is a fossil fuel, it is cleaner than traditional fuel oils, emitting less carbon dioxide and other pollutants. This could serve as a transitional energy source as the country moves towards its goal of increasing renewable energy capacity.
However, it’s important to consider the long-term implications of investing in LNG infrastructure. Renewable energy technologies such as solar and wind are becoming increasingly cost-effective and sustainable options for island nations like the Maldives. Balancing immediate energy needs with environmental commitments will be crucial for the Maldives as it navigates its energy future.
