Support People's Livelihoods in the Fishery Sector in Maldives through Sustainable Energy Project

The Government of Maldives (GoM) through the support of the Islamic Development Bank (IsDB) implementing the Support People's Livelihoods in the Fishery Sector in Maldives through Sustainable Energy Project to upscale up to 200 fishing vessels in the Maldives.

The objective of the project is to contribute to achieving Policy 5: Increase profitability from fishery activities (‘Hama Agu’ Policy) of the country’s Strategic Action Plan (SAP) for 2019-2023, in particular the Strategy 5.2: Promote and facilitate access to technologies and techniques to increase profitability, improve catch quality, and reduce postharvest losses.

Through this project, interested and eligible fishing vessels will receive the required support for the installation of Refrigerated Sea Water (RSW) Systems, to adapt renewable energy solutions through the installation of Solar PV plants and to find new and more lucrative market opportunities through the enhancement of market linkages.

Component A: Enhance Finishing Infrastructure

A1: Refrigerated Sea Water (RSW) systems: this component is about the design, the supply, and the installation on vessels of approximately 200 Refrigerated Sea water systems. The size of the RSW system is standardized in the market based on the storage capacity of the fishing vessel. In this project, targets vessels with capacity and the size to carry minimum 15 tons of fish. The minimum technical specifications and requirements will be prepared by the experts of the Ministry of Fisheries, Marine Research and Agriculture.

SME Development Finance Corporation is seeking potential and competent parties to submit the proposal for the supply, delivery, and installation of Refrigerated Sea Water

(RSW) Systems.

1. Additional details regarding the project will be provided during the information session.
2. Proposal submission deadline: Proposal submission for this project shall remain open until 31st December 2023 and submission can be made at any time within this deadline.
3. The proponent may obtain further information and clarification through queries sent to the following address at any given time.

SME Development Finance Corporation Pvt ltd 

M.Kaneeru Villa 02^nd Floor, 

Orchid Magu, Male’ 20212 

Republic of Maldives  

Email: [email protected] 

Tel: 3026010