The State Electric Company Limited (STELCO) has announced its ‘Avikatha’ program, granting residents an opportunity for passive income.
Under the program, STELCO is seeking rooftops of local residences to take on rent to install solar-power panels.
The project is aimed at reducing dependency on conventional oil-based power generation, and use renewable energy sources that utilizes natural resources to harness electricity.
STELCO said that it will pay a rent of MVR180.60 for every panel installed on the rooftops, and added that all expenses of installing the panels will be incurred by the utility provider.
The utility provider also noted the initiative will help in reaching the Net-Zero vision of the Maldives government, increase environmental preservation efforts, and provide opportunity for the locals to gain passive income opportunities through rent.
The rooftops that are taken on rent by STELCO to install the panels must include free space of minimum 100 square feet, and has the capacity to hold a minimum weight of 150 kilograms. Additionally, the rooftops should be directly exposed to sunlight and must have room to install the panels and other associated equipment.
Interested residents may contact STELCO to proceed under the ‘Avikatha’ program, and is applicable for Male’ residents and every island with a STELCO power station.