The State Electric Company Limited (STELCO) has announced a comprehensive five-year Strategic Action Plan, aimed at enhancing the company’s operational efficiency and aligning its services with the development goals of the Maldives. The plan was formally launched in a ceremony at STELCO’s headquarters, led by Managing Director Hussain Fahumy.
During the ceremony, Fahumy highlighted that the new strategic plan outlines the company’s core objectives over the next five years. He emphasized that these objectives will enable STELCO to advance its electricity, water, and sewerage services, ensuring they meet the evolving needs of the nation.
The Strategic Action Plan lays out five key objectives, 19 strategic goals, 55 specific targets, and 96 actionable steps. According to STELCO, these initiatives will not only improve service quality but also foster public trust. The plan includes frameworks to drive growth and operational sustainability, in line with the policies of President Dr. Mohamed Muizzu for the country’s utility services sector.
Developed under the guidance of Managing Director Fahumy, the plan was crafted by a team of experienced technical and managerial experts from various STELCO departments. The company’s Strategic Committee provided specialized guidance throughout the planning process to ensure alignment with both STELCO’s long-term vision and national development strategies.
With this action plan in place, STELCO aims to strengthen its role in powering the Maldives toward a more resilient and sustainable future.
