Skip to main content

Renewable Energy Maldives: President Nasheed's gift for elder brother Naashid

Male', Maldives
Maldives President Nasheed has jumped to the head of the corrupt leaders class by using his powerful position as President of the country to create a business for his elder brother, Ahmed Nashid.

From the inception of his administration, Nasheed has consistently worked at creating business opportunities for Naashid who now heads a family investment called Renewable Energy Maldives. The family company's biggest project so far is a joint venture project with the state company STELCO to provide six islands in Male' Atoll with electricity via solar power. The company's CEO is Naashid, who until then worked with Nasheed in their family business Dhivehi Meysthiri.

In addition to the STELCO project, Renewable Energy Maldives has landed other projects to supply solar panels and other renewable energy products to government agencies and companies.

President Nasheed's crony, Housing Minister Mohamed Aslam has announced in December 2011 that Naashid's renewable energy project would be implemented in a total of 29 inhabited islands in the country.

Renewable Energy Maldives, a company established by President Nasheed's family in 2007, did not engage in any substantial business activities until Nasheed came to power in 2008. Its first project was the STELCO joint venture project, which it was awarded by disqualifying the top ranked bidder. The reasons for disqualification of Naashid's competitor were alleged delays in project implementation.

President Nasheed's helping hand to his brother does not stop there. On December 18th, 2011, Nasheed announced that he would ensure that 25% of electricity supply to the capital Male' would be via renewable energy sources. The project is estimated to cost about 70 million US dollars (over one billion Maldivian Rufiyaa). And who better to handle this multimillion dollar project than Male' power supplier STELCO's current partner in renewable energy, the President's brother Ahmed Nashid?

In further actions to create business opportunities for his brother Naashid and family, Nasheed announced on 10th October 2011 that in the future he would be spending 2% of the country's income on renewable energy.

President Nasheed's assistance to family and friends is well known and would not raise any eyebrows amongst Maldivians. Over 50% of political appointments to the top heavy Nasheed administration are close family members and friends of Nasheed. Another 20% are close family members and friends of the MDP Leadership.

Additionally, the Anti Corruption Commission has reported several cases of fraud and corrupt practices in the award of contracts to the President's family and close friends. Nasheed also obstructed the work of the Anti Corruption Commission by deliberately delaying nomination of a fifth member to the commission.

As one political opponent, Dr. Hassan Saeed remarked in a public address on January 9th, 2012, the three years of the Nasheed regime have been the most corrupt three years in the country's history.

Popular posts from this blog

The Quality of Political Appointees in the Nasheed Administration

As almost seven months pass since President Mohamed Nasheed took power in the Maldives, Maldivian citizens despair of ever seeing the much promised improvements in their livelihoods. The state treasury has been exhausted within this brief period, and the economy has declined to an extent worse than the aftermath of the 2004 Asian Tsunami. Escalating price of consumer goods, collapse of social services, increasing food insecurity and declining real income have thrown more people below the poverty line. While President Nasheed is engrossed in his hate and persecution campaign against political opponents, his government has ground to a halt.

The Nasheed administration came into power promising reduced expenditures, increased government revenue and a clamp down on corruption in top government circles. President Nasheed’s first budget (2009) has a 7 billion deficit (nearly 5 billion more than the previous administration’s last budget, and government revenue has fallen by more than 28% since…

#Maldives: 24 years after Nov 3 massacre: Are the terrorists back masquerading as a political party? Part 1

#Maldives: November 3rd, 2012 marks the 24th anniversary of the bloody massacre that left the blackest of stains on Maldivian hearts and history. Nineteen innocent Maldivians were slaughtered and several injured. Hundreds were held at gunpoint for hours, many later taken away as hostages. Immense damage was given to public and private property. Maldives was rescued by troops sent by Indian Premier Rajiv Gandhi. The leader of the failed coup was a man called Sikka Ahmed Ismail Maniku, a man who had previous convictions for coup attempts against previous governments. The coup leader's nephew, Mohamed Nasheed, was installed as President in 2008, at the head of a political party whose top leadership comprised of family members and others involved in the 1988 November 3 massacre.

Nasheed's cabinet, senior political advisors and state ministers included terrorists convicted for their involvement in the November 3 massacre. As Nasheed denounces the current government of Dr. Mohamed W…

Maldives Parliament; President Nasheed's military take action on the Parliament floor

Male' Maldives.

President Nasheed has again wielded his military to attack opposition MPs, this time on the Parliament floor while the parliament was in session. Media reports are streaming in that military personnel are active inside the parliament hall, forcibly removing opposition members from the hall. Some opposition MPs are reported to leaving on their own, under orders from the military personnel to either leave the parliament floor or be removed with the use of force.


Today's Parliament session to debate the various loans proposed by the Nasheed Government was halted due to points of order taken by opposing MPs. Opposition MPs noted that the parliament session on the topic (Government loans) was proceeding out of order as the session period had expired. They pointed out that the legal process for extending the session was for a member to proposed the extension and for another to support it. However, this process had not been followed, with the Speaker of Parliament Abd…