A US$90 million (Rf1.2 billion) project agreement to provide solar powered electricity to the Upper South Province of Maldives (Thaa and Laamu atolls) has been signed by Upper South Utilities Limited with BBM Infra Limited of India.
The 24 mega watt solar power facility will be built by BBM in association with two Chinese companies to provide electricity to all islands of Upper South Province .
The project should commence within 2-3 months, says the managing director of Upper South Utilities Limited Ahmed Saeed Mohamed, and would reduce the cost of electricity by 20 percent.
BBM Infra Ltd is part of the BBM Bommidala Group, based on the tobacco trade. BBM Infra, the newest company in this group, is expanding into solar power, construction machinery, and highway projects.