Wednesday, 23 June 2021



MALE’ TIME: 16:00 – 16:10
DC TIME: 07:00 – 07:10

Vision of the Government

H.E Mrs. Aminath Shauna, Minister of Environment, Climate change and Technology, Government of Maldives

MALE’ TIME: 16:10 – 16:15
DC TIME: 07:10 – 07:15

Special Remarks

MALE’ TIME: 16:15 – 16:25
DC TIME: 07:15 – 07:25

Small Island Developing States (SIDS) Solar Investments

Shri. Raj Kumar Singh*, President, International Solar Alliance and Minister of New and Renewable Energy, Government of India

MALE’ TIME: 16:25 – 16:30
DC TIME: 07:25 – 07:30

Keynote Address

Mr. Faris H. Hadad-Zervos, Country Director for Maldives, Nepal and Sri Lanka, The World Bank

MALE’ TIME: 16:30 – 16:35
DC TIME: 07:30- 07:35

Special Remarks

Mr. Simon Stolp, Practice Manager-Energy, South Asia, The World Bank

MALE’ TIME: 16:35 – 16:40
DC TIME: 07:35- 07:40

Replicating Maldives’ success in other ISA Countries

Dr. Ajay Mathur*, Director General, International Solar Alliance

MALE’ TIME: 16:40 – 16:45
DC TIME: 07:40- 07:45

A short video on ASPIRE/initial projects under ARISE

Thematic Sessions

Session 1: Doing Business in Maldives: About the ARISE Project

MALE’ TIME: 16:45 – 17:00
DC TIME: 07:45- 08:00

ARISE Project and the Offerings

Dr. Amit Jain, Senior Energy Specialist and Mr. Chong Suk Song, Energy Specialist, The World Bank

This session will focus on:

  • Maldives Country Partnership Framework (CPF)
  • ARISE project components and key focus areas
  • Description of Initial candidate projects under ARISE
  • Transaction structuring for the candidate projects

Session 2: Financing and Guarantee structure (5 mins Each)

MALE’ TIME: 17:00 – 17:05
DC TIME: 08:00- 08:05

Financing Options and Terms under ARISE

Tarun Shankar, IFC

This session will focus on:

  • Financing options available for the private sector developers under the project.
  • Financial products and the terms
  • Minimum requirements for availing debt
  • Process for application and sanction

MALE’ TIME: 17:05 – 17:10
DC TIME: 08:05- 08:10

Risk Coverage and Guarantee under ARISE

Mr. Jae Hyung Kwon, Head of South Asia, MIGA

This session will focus on:

  • Termination risk guarantee/risk coverage to be provided to the developer under the project
  • MIGA due diligence and approval process

MALE’ TIME: 17:10 – 17:15
DC TIME: 08:10- 08:15

Access to Local Credit

Representative from the Maldives Monetary Authority (MMA)/Ministry of Finance

This session will focus on:

  • Project financing/credit instruments and terms
  • Minimum requirements for availing debt
  • Process for application and sanction

Panel Discussion

MALE’ TIME: 17:15 – 18:00
DC TIME: 08:15- 09:00

Topic: The Role of Energy Infrastructure in Enabling Sustainable, Resilient and Inclusive Development in Small Island Developing States (SIDS)


  1. Hon. Minister Flavien Joubert*, Minister for Agriculture, Climate Change and Environment, Government of Seychelles
  2. Hon. Minister Dullas Alahapperuma*, Ministry of Power, Government of Sri Lanka
  3. Hon. Minister Georges Pierre Lesjongard*, Minister of Energy and Public Utilities, Government of Mauritius.
  4. Ms. Fekitamoeloa Katoa ‘Utoikamanu*, Under-Secretary-General at the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS)
  5. Mr. Ajwad Musthafa, Permanent Secretary, Ministry of Environment, Climate Change and Technology, Government of Maldives.

The panel discussion will focus on:

  • Importance of RE and green infrastructure for SIDS
  • Sharing of experience by island nations – including innovative business models, new initiatives, challenges faced and mitigation measures, etc.
  • Support of the OHRLLS and UNOPS on efforts toward resilient and sustainable infrastructure in SIDS
  • Highlights of the SIDS Lighthouses Initiative (LHI) coordinated by the International Renewable Energy Agency (IRENA)
  • Possible partnerships to facilitate access to financing for SIDS

Investor Q&A

MALE’ TIME: 18:00 – 18:30
DC TIME: 09:00- 09:30

Open House: Investor Q&A on the Initial Candidate Projects and Upcoming Projects


  1. Representative from the Ministry of Environment, Climate Change and Technology
  2. Representative from the Ministry of Economic Development
  3. Representative from the Ministry of Finance
  4. Representative from the World Bank

Moderator: KPMG


MALE’ TIME: 18:30 – 18:40
DC TIME: 09:30- 09:40

Concluding Remarks

Mr. Guangzhe Chen, Regional Director, The World Bank