The Anti-Corruption Commission (ACC) and the State Electric Company Limited (STELCO) have signed a Memorandum of Understanding (MoU) aimed at strengthening cooperation in preventing corruption and promoting integrity within the state-owned utility.
The agreement was signed on Sunday by ACC President Adam Shamil and STELCO Managing Director Dr. Ali Azwar, formalising a partnership focused on improving governance, strengthening internal controls and reducing corruption risks.
According to the ACC, the MoU establishes a framework for the two institutions to work together on initiatives designed to promote transparency and integrity within STELCO’s operations while supporting broader anti-corruption efforts across the public sector.
As part of the agreement, employees of both organisations will have opportunities to participate in joint training programmes, while the ACC will provide technical guidance and recommendations to help strengthen anti-corruption measures within the company’s management and administrative processes.
The commission said it will also provide technical support for workshops, seminars and other awareness programmes aimed at fostering a culture of integrity among STELCO employees.
Under the agreement, STELCO has committed to strengthening its internal anti-corruption policies and incorporating the commission’s recommendations when developing company procedures and governance frameworks to help minimise corruption risks.
The utility has also agreed to provide documents and information requested by the ACC in connection with ongoing investigations and to facilitate the participation of employees when required during investigative processes.
The ACC said the partnership is intended to improve institutional cooperation by creating clearer mechanisms for information sharing and technical collaboration between the two organisations.
Both institutions expressed hope that the agreement would promote greater exchange of expertise and resources while enhancing efforts to prevent corruption within state-owned enterprises.
The Anti-Corruption Commission is the country’s independent body responsible for investigating corruption-related offences and promoting integrity across public institutions. In recent years, the commission has increasingly worked with government agencies and state-owned enterprises to strengthen preventive measures alongside its investigative functions.
STELCO is the Maldives’ largest electricity provider, supplying power to Malé and several other islands. As one of the country’s largest state-owned enterprises, the company plays a key role in the government’s public service network.
