The State Electric Company Limited (STELCO) and Maldives National University (MNU) have signed an agreement to conduct academic research into the reasons why electricity bills have been surging exponentially in recent months.
Electricity bills, especially in the Greater Male’ area, have observed a steep incline in price and consumption in recent months, especially since the hot season in 2024.
STELCO Managing Director Hussain Fahmy signed the agreement on behalf of the utility provider, while the university’s Vice Chancellor, Dr. Aishath Shenenaz Adam, signed on behalf of MNU.
Speaking at the signing ceremony, Fahmy said STELCO entered into the agreement to launch academic research into this crucial issue to provide academic and informed responses to the public.
Fahmy expressed hope that the agreement will pave the way for academic research to bring clarity to the public, and thereby alleviate confusion and frustration.
“What we will do to support this is to provide information and our data without any hesitation. We will allow the public to access this data without any intervention,” Fahmy said.