Close Menu
Maldives Business TimesMaldives Business Times
    What's Hot

    Inflation hikes 0.95 percent annually in 2025

    January 25, 2026

    New social housing scheme attracts over 1600 applications on first week

    January 25, 2026

    BML enables Bulk Payment Services for businesses

    January 25, 2026
    Facebook X (Twitter) Instagram
    Monday, January 26
    Facebook X (Twitter) Instagram
    Maldives Business TimesMaldives Business Times
    • Home
    • Features

      Inflation hikes 0.95 percent annually in 2025

      January 25, 2026

      New social housing scheme attracts over 1600 applications on first week

      January 25, 2026

      BML enables Bulk Payment Services for businesses

      January 25, 2026

      Maldives government collects MVR 483 mn as Zakat in five years

      January 23, 2026

      Visit Maldives promotes tourism at Fitur 2026 in Madrid

      January 22, 2026
    • BUSINESS

      Inflation hikes 0.95 percent annually in 2025

      January 25, 2026

      BML enables Bulk Payment Services for businesses

      January 25, 2026

      STO Constructions’ “Roadha Sale” commences

      January 22, 2026

      BML partners with AICB for banking sector development initiative

      January 19, 2026

      Crown and Champa Resorts announces bold new employee-uplifting move: salaries in USD

      January 14, 2026
    • FINANCE
    • OPINION
    • TRAVEL & TOURISM
    • PUBLIC SECTOR
    • LIFE STYLE
    Maldives Business TimesMaldives Business Times
    Home ยป 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

    Inflation hikes 0.95 percent annually in 2025

    January 25, 2026
    BUSINESS

    BML enables Bulk Payment Services for businesses

    January 25, 2026
    BUSINESS

    STO Constructions’ “Roadha Sale” commences

    January 22, 2026
    Leave A Reply Cancel Reply

    Don't Miss
    Government

    New social housing scheme attracts over 1600 applications on first week

    January 25, 2026

    According to the Ministry of Construction, Housing and Infrastructure, more than 1600 applications have been…

    BML enables Bulk Payment Services for businesses

    January 25, 2026

    Maldives government collects MVR 483 mn as Zakat in five years

    January 23, 2026
    Demo
    Facebook X (Twitter) Instagram LinkedIn Telegram
    • Home
    • BUSINESS
    • PUBLIC SECTOR
    • TRAVEL & TOURISM
    © 2026 Maldives Business Times. by hyvemedia.

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