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State Electric Company Limited

STELCO is the Maldives' state-owned electricity utility, generating and distributing power across the archipelago.

Last updated September 27, 2026

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Overview

State Electric Company Limited, commonly known as STELCO, is one of the Maldives' state-owned utility companies, alongside the Male' Water & Sewerage Company Pvt. (MWSC). STELCO is responsible for electricity supply across the archipelago. It was founded in 1949 as the Electricity Department and was later renamed the Maldives Electricity Board before taking its current corporate form. The company employs around 700 people throughout the Maldives and supplies electricity to 27 islands. In the capital, Malé, 56 employees work at the main power plant. STELCO is led by Hassan Zahir. The utility operates seawater desalination plants so that it can produce the process water needed for energy generation itself. In the southeast of Malé it runs the Maldives' largest power plant, with an installed capacity of 35 megawatts. As throughout the island nation, electrical energy is produced by diesel generators; the Malé plant consumes 115,000 liters of diesel fuel per day. On the artificially created island of Hulhumalé, STELCO also operates a power plant that was commissioned on 10 December 2004 and currently has a capacity of about 2.2 MW. As Hulhumalé is further settled and its industry expands, that capacity is being continuously increased. In addition to larger plants on Villingili and Thilafushi — islands also created mainly by land reclamation through landfill — electricity is generated on 23 further islands.

History

STELCO was founded in 1949 as the Electricity Department. It was later renamed the Maldives Electricity Board and eventually became State Electric Company Limited. As one of the Maldives' state-owned utility companies — alongside the Male' Water & Sewerage Company Pvt. (MWSC) — it took responsibility for the country's electricity supply. Over the decades the utility expanded from the capital region to the wider archipelago, and it now employs around 700 people across the Maldives and supplies electricity to 27 islands. In Malé, 56 employees work at the main power plant. The company also built seawater desalination plants so that it could produce the process water needed for energy generation itself. On the artificially created island of Hulhumalé, STELCO commissioned a power plant on 10 December 2004; it currently has a capacity of about 2.2 MW and is being continuously expanded as Hulhumalé is further settled and its industry grows. In addition to larger plants on Villingili and Thilafushi — islands also created mainly by land reclamation through landfill — electricity is generated on 23 further islands. In the southeast of Malé, STELCO operates the Maldives' largest power plant, with an installed capacity of 35 megawatts. As throughout the island nation, electrical energy is produced by diesel generators; the Malé plant consumes 115,000 liters of diesel fuel per day. The company is led by Hassan Zahir.

  • 2004

    Commissioned a power plant on Hulhumalé on 10 December 2004.

  • 1949

    Founded as the Electricity Department.

  • Renamed the Maldives Electricity Board.

  • Became State Electric Company Limited (STELCO).

Products and positioning

State-owned monopoly-style electricity utility serving the Maldives archipelago.

  • Electricity generation and distribution

  • Seawater desalination

  • Malé main power plant (35 MW)

  • Hulhumalé power plant (approx. 2.2 MW)

  • Power plants on Villingili and Thilafushi

Sources2 sources

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