Major Utility Shift Sees STELCO Expand to 61 Islands

Fenaka Corporation Limited and STELCO signed an agreement transferring electricity, water, and sewerage services for 25 islands in Baa, Lhaviyani, and Meemu atolls to STELCO. The transition is expected within 30 days. STELCO's service coverage will expand to 61 islands. The handover aims to improve operational efficiency and aligns with government reforms under President Muizzu. Fenaka will focus on strengthening its remaining operations. Both companies assured uninterrupted service during transition.

Fenaka Corporation Limited and STELCO signed an agreement transferring electricity, water, and sewerage services for 25 islands in Baa, Lhaviyani, and Meemu atolls to STELCO. The transition is expected within 30 days. STELCO's service coverage will expand to 61 islands. The handover aims to improve operational efficiency and aligns with government reforms under President Muizzu. Fenaka will focus on strengthening its remaining operations. Both companies assured uninterrupted service during transition.

Fenaka Corporation Limited and STELCO signed an agreement transferring electricity, water, and sewerage services for 25 islands in Baa, Lhaviyani, and Meemu atolls to STELCO. The transition is expected within 30 days. STELCO's service coverage will expand to 61 islands. The handover aims to improve operational efficiency and aligns with government reforms under President Muizzu. Fenaka will focus on strengthening its remaining operations. Both companies assured uninterrupted service during transition.

This story involves 1 source and may affect public understanding of utility transfer / fenaka restructuring.