Close Menu
Maldives Business TimesMaldives Business Times
    What's Hot

    President Muizzu Hosts Luncheon for Visiting Palestinian U-17 Football Team

    November 19, 2025

    First Lady Meets JICA Volunteers at Mulee’aage

    November 19, 2025

    President Muizzu: Government Clears USD 28.8 Million in Unpaid Bills from Previous Administration

    November 16, 2025
    Facebook X (Twitter) Instagram
    Wednesday, December 3
    Facebook X (Twitter) Instagram
    Maldives Business TimesMaldives Business Times
    • Home
    • Features

      President Muizzu Hosts Luncheon for Visiting Palestinian U-17 Football Team

      November 19, 2025

      First Lady Meets JICA Volunteers at Mulee’aage

      November 19, 2025

      President Muizzu: Government Clears USD 28.8 Million in Unpaid Bills from Previous Administration

      November 16, 2025

      Cabinet Approves Administrative Measures to Hold Addu City Jurisdiction Referendum

      October 6, 2025

      Cabinet Approves National Housing Affordability and Accessibility Project

      October 6, 2025
    • BUSINESS

      STO Reports MVR 163 Million Net Profit in Q2 2025 Amid Lower Revenue and Fuel Market Adjustments

      July 31, 2025

      The Era of the Gig Economy: Powering a Flexible, Independent Workforce

      July 27, 2025

      President Muizzu Meets Saudi Fund for Development CEO to Discuss Future Cooperation

      July 26, 2025

      India-Maldives Free Trade Agreement Talks Begin, Marking a Historic Step in Bilateral Economic Relations

      July 26, 2025

      Bank of Maldives to Launch Indian Rupee Accounts Amid Strengthening Bilateral Financial Ties

      July 26, 2025
    • FINANCE
    • OPINION
    • TRAVEL & TOURISM
    • PUBLIC SECTOR
    • LIFE STYLE
    Maldives Business TimesMaldives Business Times
    Home » STELCO urges FAM to settle outstanding MVR6.5m in bills

    STELCO urges FAM to settle outstanding MVR6.5m in bills

    STELCO urges FAM to settle outstanding MVR6.5m electricity bills
    October 25, 20221 Min Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Following State Electric Company’s (STELCO) decision to cut power to Football Association of Maldives (FAM) on Monday, 24th October, the utility provider has urged the association to settle the outstanding dues in full.

    STELCO Managing Director Ahmed Shareef, while criticizing FAM’s decision to counter the utility provider’s decision with defiance, urged to settle the dues without politicizing the issue.

    The association owes a total of MVR6.5 million in outstanding bills, inclusive of fines, an official from STELCO earlier confirmed.

    FAM criticized STELCO’s Monday decision, calling the utility provider irresponsible in its action. The association is refusing to settle the outstanding bills claiming the FAM House – the main establishment from where it operates – has been used by other entities, and they must bear for portion of utility they had used.

    The establishment was used as a Covid facility amid the pandemic outbreak by the state. Additionally, Scout Association’s operations are run under the same roof.

    This comes as the latest in a string on state-owned enterprises failing to settle hefty outstanding bills. Previously, STELCO had claimed Public Service Media (PSM) owed MVR 80 million in unpaid utility bills.

    Related Posts

    BUSINESS

    STO Reports MVR 163 Million Net Profit in Q2 2025 Amid Lower Revenue and Fuel Market Adjustments

    July 31, 2025
    BUSINESS

    The Era of the Gig Economy: Powering a Flexible, Independent Workforce

    July 27, 2025
    BUSINESS

    President Muizzu Meets Saudi Fund for Development CEO to Discuss Future Cooperation

    July 26, 2025
    Leave A Reply Cancel Reply

    Don't Miss
    Education

    First Lady Meets JICA Volunteers at Mulee’aage

    November 19, 2025

    First Lady Sajidha Mohamed met with volunteers from the Japan International Cooperation Agency’s (JICA) Japan…

    President Muizzu: Government Clears USD 28.8 Million in Unpaid Bills from Previous Administration

    November 16, 2025

    Cabinet Approves Administrative Measures to Hold Addu City Jurisdiction Referendum

    October 6, 2025
    Demo
    Facebook X (Twitter) Instagram LinkedIn Telegram
    • Home
    • BUSINESS
    • PUBLIC SECTOR
    • TRAVEL & TOURISM
    © 2025 Maldives Business Times. by hyvemedia.

    Type above and press Enter to search. Press Esc to cancel.