Close Menu
Maldives Business TimesMaldives Business Times
    What's Hot

    STO People’s Choice Opens First Floor, Expanding Home Improvement and Lifestyle Offerings

    June 14, 2026

    Lending to Your Own Government: A Guide to Maldivian Government Securities and the Law That Makes Them Work

    June 11, 2026

    Three New Ambassadors Meet Maldives Foreign Minister

    June 10, 2026
    Facebook X (Twitter) Instagram
    Monday, June 15
    Facebook X (Twitter) Instagram
    Maldives Business TimesMaldives Business Times
    • Home
    • Features

      STO People’s Choice Opens First Floor, Expanding Home Improvement and Lifestyle Offerings

      June 14, 2026

      Lending to Your Own Government: A Guide to Maldivian Government Securities and the Law That Makes Them Work

      June 11, 2026

      Three New Ambassadors Meet Maldives Foreign Minister

      June 10, 2026

      Visit Maldives Corporation Posts Best Revenue in Eight Years

      June 10, 2026

      Maldives Welcomes close to a million Tourists by Early June, Down 4.8%

      June 10, 2026
    • BUSINESS

      STO People’s Choice Opens First Floor, Expanding Home Improvement and Lifestyle Offerings

      June 14, 2026

      Visit Maldives Corporation Posts Best Revenue in Eight Years

      June 10, 2026

      Maldives Welcomes close to a million Tourists by Early June, Down 4.8%

      June 10, 2026

      New Plastics Rules Set MVR 100,000 Fines for Banned Items

      June 9, 2026

      HDC and MIT Launch Programme to Teach Women Technical Skills

      June 9, 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

    STO People’s Choice Opens First Floor, Expanding Home Improvement and Lifestyle Offerings

    June 14, 2026
    BUSINESS

    Visit Maldives Corporation Posts Best Revenue in Eight Years

    June 10, 2026
    BUSINESS

    Maldives Welcomes close to a million Tourists by Early June, Down 4.8%

    June 10, 2026
    Leave A Reply Cancel Reply

    Don't Miss
    Features

    Lending to Your Own Government: A Guide to Maldivian Government Securities and the Law That Makes Them Work

    June 11, 2026

    The Maldivian state owed the market about MVR 97 billion through securities alone. That is…

    Three New Ambassadors Meet Maldives Foreign Minister

    June 10, 2026

    Visit Maldives Corporation Posts Best Revenue in Eight Years

    June 10, 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.