State Electric Company Limited (STELCO) has announced its ambition to enter a new market by assembling and selling electric vehicles in the Maldives for the first time.
STELCO Managing Director Hassan Mughnee revealed the company’s big aspirations while speaking at a special event on Monday to launch STELCO’s workshop, STEWO.
Mughnee stated that the company is comprised of the most experienced and qualified engineers in the Maldives, and that they want to produce electric vehicles for sale as a local product in the near future.
According to Mughnee, the decision was taken with the goal of expanding the usage of electric cars in the Maldives, since the Maldives is a country that emphasises pro-environment programmes.
He further stated that the cars would be constructed in such a way that they will be safe to operate on Maldives roads.
Furthermore, the first generator constructed at the workshop was revealed to the public during the opening event. Concerning the generator, Mughnee stated that it is of the same quality as those marketed in other countries, and that it will be long-lasting.
Economic Minister Fayyaz Ismail also attended the STEWO’s inauguration event. Minister Fayyaz stated during the event that STELCO personnel are greatly undervalued for the work they do, particularly in the Male’ area.
He expressed his heartfelt thanks to STELCO personnel for their services and contributions to the country’s economic growth, despite the challenges they encountered, such as financial difficulties and a lack of space to carry out their job. He also praised the new generator’s launch.