The State Electric Company (STELCO) has unveiled a comprehensive strategic action plan outlining its roadmap for the next five years. The plan, introduced by Managing Director Hussain Fahmy, sets out a clear direction for advancing the electricity, water, and sewerage sectors in the Maldives, aligning with the nation’s growth and development goals.
According to STELCO, this initiative was spearheaded by Fahmy, who assumed leadership of the company with a vision to address current industry needs and prepare for future demands. The plan was developed through extensive collaboration, with input from the company’s leadership, technical experts, and managerial staff.
STELCO emphasised that the plan prioritises service enhancement and sustainability, aiming to foster public trust and confidence. The company noted that contributions from across the organisation were instrumental, with feedback and operational plans from middle management and their teams being integrated into the strategic framework.
The five-year action plan is built on five key strategic objectives, supported by 19 goals, 55 targets, and 96 actionable steps. This comprehensive structure was formulated by a team of experts, combining both technical and managerial insights to ensure a robust and dynamic approach to STELCO’s future.
During the inauguration event, Fahmy highlighted the importance of the plan as a foundation for the company’s future, describing it as a product of modern perspectives shaped by young professionals within the organisation. He stated that the plan would streamline STELCO’s objectives, improve management practices, and optimise operational efficiency.
STELCO’s strategic action plan represents a significant step forward in the company’s mission to meet the evolving needs of the Maldivian community while supporting the sustainable development of essential services.
