The Company emerged from modest beginnings in 1949 with an installed capacity of only 14 kW and providing electricity to just the residences in Male’.

Over the past five decades the Company operated as a Government Department under different names like “Department of Electricity” and “Maldives Electricity Board” until 1997, when “State Electric Company”, STELCO, was formed.

Initially the number of customers were 50 houses in Male’. Today the total number of customers have increased to 26,055 in Male’ and 20,503 customers in the islands (as at March 2009). Thus, STELCO now provide electricity to over 46% of the total population.

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State Electric Company Limited © 2009