STELCO Unveils Five-Year Strategic Action Plan
In a significant move towards improving national infrastructure, the State Electric Company (STELCO) has introduced a comprehensive five-year strategic action plan. Announced by Managing Director Hussain Fahumy, the plan aims to enhance the quality of service delivery, achieve greater sustainability, and strengthen public trust across the electricity, water, and sewerage sectors.
Addressing Evolving Infrastructure Needs
Under Hussain Fahumy's leadership, STELCO's five-year roadmap is designed to respond to the Maldives’ dynamic development needs. The comprehensive plan takes into account the rapid changes in infrastructure requirements, ensuring STELCO remains aligned with the national agenda for sustainable development.
With a specific focus on the interrelated services of electricity, water, and sewerage, STELCO aims to provide efficient, reliable, and environmentally friendly solutions. “Our goal is to strengthen our core services while embracing innovative, future-focused strategies,” Fahumy explained during the unveiling ceremony.
A Collaborative Development Approach
STELCO’s strategic action plan was crafted through a collaborative approach, engaging contributions from the company’s leadership, technical experts, and middle management teams. Unit heads and middle managers were actively involved, sharing insights reflecting operational needs and challenges across various departments.
This inclusive strategy highlights STELCO’s commitment to incorporating the expertise of its workforce at all levels, ensuring that the roadmap is not only actionable but also in line with on-ground realities. “Our team members bring invaluable insights into the operational landscape, and their input has been essential in shaping this strategy,” Fahumy noted.
Key Objectives and Strategic Goals
The five-year strategic framework includes five core objectives, further broken down into 19 strategic goals. Each goal is supported by a set of targeted actions, totalling 55 specific targets and 96 actionable steps, covering every aspect of STELCO’s operations. These goals serve as stepping stones toward achieving STELCO’s long-term vision, with an emphasis on efficiency, innovation, and environmental sustainability.
- Service Quality Improvement: Enhancing customer satisfaction by improving service reliability and responsiveness.
- Operational Efficiency: Streamlining internal processes to reduce costs and improve response times.
- Sustainability and Green Initiatives: Reducing carbon emissions and adopting sustainable practices in energy and water management.
- Stakeholder Engagement: Strengthening communication and trust with the public and stakeholders.
- Innovation and Technology: Adopting advanced technology to meet future demands and improve service quality.
Youth and Expertise in Leadership
One unique aspect of this strategy is the combination of youth and experience in its development. The plan was created with input from both young professionals and experienced experts, bringing a balanced perspective to the table. Fahumy highlighted that this diversity has infused the strategic framework with modern, innovative approaches that promise to make STELCO’s operations more robust and adaptable.
“The collaboration between youth and experienced professionals has resulted in a forward-thinking plan that will serve as a foundation for STELCO’s growth. We believe this synergy will allow us to adapt to future challenges while meeting the needs of today,” Fahumy remarked.
A Vision for the Future of Maldives' Infrastructure
In line with the Maldives’ development trajectory, STELCO’s strategic plan represents a proactive step toward future-proofing the nation’s infrastructure. Through this comprehensive action plan, STELCO is setting the groundwork for a sustainable, efficient, and high-quality service network that aligns with the Maldives' broader environmental and developmental goals.
STELCO’s management remains optimistic that the plan will lay a robust foundation for delivering reliable and sustainable services. This five-year roadmap not only addresses immediate operational needs but also anticipates future requirements, underscoring STELCO’s commitment to excellence and continuous improvement.