STELCO Unveils Five-Year Strategic Action Plan for Growth

State Electric Company (STELCO) has officially launched its strategic action plan for the next five years, a move aimed at advancing the electricity, water, and sewerage sectors in the Maldives. Managing Director Hussain Fahumy introduced the initiative, which was developed to align the company with the nation’s ongoing development.

The strategic plan, crafted with input from STELCO’s leadership team, seeks to enhance service quality and sustainability while building public trust. A group of experts, including technical and managerial staff, contributed to the plan, ensuring it reflects a comprehensive understanding of the company’s needs.

The framework outlines five strategic objectives, 19 strategic goals, 55 targets, and 96 actionable steps. This structure is designed to streamline operations and clarify management objectives.

In his remarks during the launch, Fahumy emphasized that the plan was created with insights from younger, educated professionals, providing a solid foundation for the company's future. He highlighted that the initiative would improve management practices and ultimately enhance STELCO’s operations across the Maldives. This strategic action plan marks a significant step forward for STELCO as it aims to meet the evolving demands of the Maldivian community.