Debate begins on motion to reduce cost of electricity

The motion to take effective measures against challenges to the government's ability to provide inexpensive electricity such as fluctuating global gas and oil prices is being debated on the parliament floor.

The motion was presented by Hoarafushi constituency MP and member of the parliament's committee on environment and climate change, Ahmed Saleem.

While introducing the motion, Saleem noted that the current government has pledged to take sustainable measures to lower the cost of electricity, provide subsidies to ensure affordable electricity, as well as to reduce dependency on oil by developing the renewable energy sector.

Saleem attributed the increasing cost of electricity mainly to the country's dependence on imported diesel. Likewise, he noted that the government spent MVR 5.4 billion on diesel in 2018. Furthermore, he added that the country has no influence over the fluctuations in the prices of diesel and that diesel-generated electricity isn't worth its cost.

Saleem highlighted that the government has spent nearly MVR one billion in subsidies which is not a sustainable expense to reduce the cost of electricity.

Saleem further highlighted that solar power, wind energy, and ocean technology are all possible avenues for renewable energy in the Maldives.

Furthermore, he noted that solar power can generate one unit of electricity for three Rufiyaa, whereas diesel generates a unit of electricity for four Rufiyaa.

Additionally, Saleem emphasized the importance of regulations to adequately monitor power generation institutions such as the State Electric Company Limited (STELCO) and Fenaka Corporation Limited.

These regulations are specified in the motion introduced by Saleem and were supported by members of parliament.