STELCO Awards Contract for Fuel Storage Tanks in Hulhumale’ to MTCC

State Electric Company Limited (STELCO), has awarded the contract for the establishment of fuel storage tanks in Hulhumalé Phase I to Maldives Transport and Contracting Company (MTCC).

STELCO stated that the new storage tanks would enhance its capacity to meet the rising electricity demand during peak hours.

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The agreement was signed by STELCO’s Managing Director, Hussain Fahmy, and MTCC’s Managing Director, Retired Deputy Commissioner of Police Ahmed Saudy. Under the contract, two fuel storage tanks with a capacity of 80,000 litres each will be constructed in Hulhumalé.

ޕީކް ސީޒަނަށް ތައްޔާރުވުމުގެ އިތުރުން ގްރޭޓާމާލޭ ޕަވަރ ޖެނެރޭޝަން ބެކަޕްގެ ގޮތުގައި ހުޅުމާލޭގެ ފުރަތަމަ ފިޔަވަހީގައި ގާއިމް ކުރާ ހުޅުމާލެ ޕަވަރހައުސް އެންކްސް 2 ގައި 80،000 ލީޓަރުގެ ދެ ތެޔޮ ޓޭންކް ބެހެއްޓުމަށްޓަކައި އެމްޓީސީސީއާއެކު މިވަނީ އެއްބަސްވުމެއްގައި ސޮއި ކުރެވިފައި. pic.twitter.com/PiiC0OFlrv— STELCO (@STELCOMALDIVES) March 10, 2025

STELCO has set up a temporary power station in Hulhumalé to ensure a stable electricity supply for the expanding population in the Greater Malé region. The project involves the installation of 13 generators, adding a total of 17 megawatts of electricity to the grid.

With the country currently experiencing its hottest season, electricity consumption has been steadily increasing. Peak-hour electricity demand in Malé currently stands at 98 megawatts, with STELCO anticipating this figure to rise to 120 megawatts in the coming weeks.

However, STELCO has assured that the newly established 17-megawatt temporary power station will be sufficient to handle the additional load.