The amount owed in electricity bills and payable debt to STELCO from government agencies and state-owned enterprises (SOEs) has reached MVR 949 million.

According to statistics from an audit report, this is around a 20 percent increase compared to the previous year. The amount owed in electricity bills and payable debt to STELCO from government agencies was MRV 774 million in 2024.

The highest payable amount owed to STELCO is from the Finance Ministry. The company's statistics show that the ministry owes MVR 333 million, which is a 40 percent increase compared to the previous year. The Finance Ministry owed STELCO MVR 242 million in 2024.

There are 19 government ministries and SOE's that have not paid their STELCO bills.

The second highest payable amount owed to STELCO is from PSM at MVR 163 million, which is a 20 percent increase from the previous year.

The third highest payable amount by a state agency is from Male' City Council at MVR 53 million, with the Housing Ministry owing STELCO MVR 43 million, as per the statistics.

The Housing Development Corporation (HDC) owes STELCO MVR 33 million, and MWSC owes MVR 24 million.

Amounts owed to STELCO by government agencies and ministries