Close Menu
Maldives Business TimesMaldives Business Times
    What's Hot

    STO Closes Q2 2026 with Net Profit MVR 280 mil, up 70%

    July 29, 2026

    Applications Open for MIB Guesthouse Awards 2026

    July 29, 2026

    State Receivables Hit MVR 14 Bil

    July 29, 2026
    Facebook X (Twitter) Instagram
    Friday, July 31
    Facebook X (Twitter) Instagram
    Maldives Business TimesMaldives Business Times
    • Home
    • Features

      STO Closes Q2 2026 with Net Profit MVR 280 mil, up 70%

      July 29, 2026

      Applications Open for MIB Guesthouse Awards 2026

      July 29, 2026

      State Receivables Hit MVR 14 Bil

      July 29, 2026

      Maldives President Nominates Ambassador Thoriq as IRENA’s Permanent Representative

      July 28, 2026

      Govt. Allocates MVR 2.5 Bil for Next Year’s Council Block Grant

      July 28, 2026
    • BUSINESS

      STO Closes Q2 2026 with Net Profit MVR 280 mil, up 70%

      July 29, 2026

      Applications Open for MIB Guesthouse Awards 2026

      July 29, 2026

      Maldivian Becomes First Local Carrier Operating Twin Otter Classic 300-G

      July 23, 2026

      BML’s Aaya Update Enhances Mobile App and Internet Banking Convenience

      July 22, 2026

      BML to Transform Core Banking with Finastra

      July 21, 2026
    • FINANCE
    • OPINION
    • TRAVEL & TOURISM
    • PUBLIC SECTOR
    • LIFE STYLE
    Maldives Business TimesMaldives Business Times
    Home ยป STELCO’s ambitious plans for renewable energy, new powerhouses in pipeline

    STELCO’s ambitious plans for renewable energy, new powerhouses in pipeline

    STELCO Managing Director reveals ambitious plans in the pipeline
    May 2, 20242 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    State Electric Company (STELCO) has revealed plans to introduce renewable energy means in five islands where it is currently providing conventional power.

    The ambitious plan was revealed by the Managing Director of STELCO Hussain Fahmy on Thursday, 02nd May 2024. This echoes to the utility provider’s January announcement to introduce battery-powered electricity in five local islands.

    Besides this, Fahmy, while speaking on ‘Raajje Miadhu’ program of the state-run PSM News, revealed the plan is to introduce renewable energy means in a total of 33 islands in the future, with preparations to introduce the services already underway for five of these islands.

    “Since the first round of bids were expensive, we reopened the bidding. We got reasonable quotes during the second time around,” Fahmy said.

    Fahmy earlier said that out of the islands in Kaafu, Alif Alif, Alif Dhaal and Vaavu atoll, in which it provides services, STELCO would establish alternative power means. Additionally, he said that the current plan is to introduce battery-powered units capable of providing electricity up to 12 hours before the current year ends.

    Fahmy also revealed, later on Thursday, STELCO will establish new powerhouse outlets in the islands where it has received plots for the purpose.

    While STELCO is working to relocate powerhouses in residential areas, the new establishments will be developed to modern standards.

    Later on Thursday, Fahmy further said STELCO will extend discounts to the electricity bills of Ramadan; which would be sent to customers once tallied.

    Related Posts

    BUSINESS

    STO Closes Q2 2026 with Net Profit MVR 280 mil, up 70%

    July 29, 2026
    Awards

    Applications Open for MIB Guesthouse Awards 2026

    July 29, 2026
    BUSINESS

    Maldivian Becomes First Local Carrier Operating Twin Otter Classic 300-G

    July 23, 2026
    Leave A Reply Cancel Reply

    Don't Miss
    Awards

    Applications Open for MIB Guesthouse Awards 2026

    July 29, 2026

    Applications are now open for the inaugural edition of the “MIB Guesthouse Awards 2026”. According…

    State Receivables Hit MVR 14 Bil

    July 29, 2026

    Maldives President Nominates Ambassador Thoriq as IRENA’s Permanent Representative

    July 28, 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.