State Electric Company (STELCO) has completed the transfer of utility operations previously managed by Fenaka Corporation across 127 islands, marking the conclusion of a nationwide restructuring of state-run utility services ordered by President Dr Mohamed Muizzu.
The final handover took place on Friday in Fonadhoo, Laamu Atoll, where a special ceremony was held to mark the completion of the transition.
STELCO Managing Director Dr Ali Azwar hoisted the Maldivian national flag at the ceremony, while the company’s flag was raised by Ahmed Sharneez, General Manager of STELCO’s South Regional Department.
The transfer follows the government’s decision to dissolve Fenaka Corporation and consolidate its utility operations under STELCO, bringing services previously managed by the two state-owned companies under a single provider.
Speaking at the ceremony, Azwar acknowledged that public expectations had increased following STELCO’s assumption of responsibility for utility services across the islands.
He expressed gratitude to President Muizzu for initiating the restructuring, describing the decision as a necessary step guided by the administration’s long-term vision for the utility sector.
Azwar assured residents that STELCO and its employees would work to meet public expectations and improve the quality and reliability of services across the newly transferred islands.
Before the restructuring, STELCO’s operations were concentrated in the Greater Malé Region and the atolls of Kaafu, Alif Alif, Alif Dhaal and Vaavu.
Utility services in Baa, Lhaviyani and Meemu atolls had also been transferred to STELCO ahead of the government’s decision to dissolve Fenaka.
With the latest transition completed, operations across another 127 islands in the remaining atolls have officially come under STELCO’s management, significantly expanding the company’s geographical coverage.
The transfer represents a major change in the administration of utility services in the Maldives, where electricity generation and distribution across geographically dispersed islands require extensive operational coordination.
STELCO said it has begun revising administrative arrangements and introducing a new operational framework to manage powerhouses across the islands brought under its responsibility.
The company aims to standardise operations and bring service delivery in these communities into line with its existing operational standards.
To facilitate the transition, STELCO deployed four teams across the atolls to carry out fieldwork, coordinate the handover of facilities and oversee the integration of island utility operations.
The restructuring also involves adjustments to the management of powerhouses, which play a central role in supplying electricity to island communities.
The completion of the transfer marks the end of Fenaka’s role as the utility operator in the affected islands, with STELCO now responsible for managing the services previously provided by the company.
STELCO has said its immediate focus will be on strengthening operational arrangements and improving service standards across the expanded network.
