FENAKA

The FINANCIAL — The Asian Development Bank (ADB) has approved a $7.74 million concessional loan and a $2.73 million project grant to scale up the ongoing project, Preparing Outer Islands for Sustainable Energy Development (POISED), which is transforming the existing diesel-based grids into renewable-energy-based hybrid systems covering 160 outer islands in Maldives.   The project will expand renewable-based hybrid systems,