Aggregated debt of four utility companies reach MVR 9 billion

The President Elect's Office has revealed that the four utility companies are in financially difficult positions, and that their aggregated debt reaches MVR 9 billion.

The utility services are provided by state owned enterprises (SOEs) State Electric Company Ltd (STELCO), FENAKA Corporation Ltd , Male' Water and Sewerage Company Pvt Ltd (MWSC) and Waste Management Corporation Ltd (WAMCO).