Merciel International (Maldives) Pvt Ltd (MI-M) has signed a 10-year contract with Vashafaru Island Council in Haa Alif Atoll to operate the island’s power facility under the government’s public-private partnership program.
Country Director of Merciel Ali Hashim and President of Vashafaru Island Council Abdulla Zahir signed the contract at a ceremony this morning.
In a statement, Merciel noted that MI-M has become the first and only private utility company in the Maldives.
“So far, utility services have been provided in the islands by the state-owned corporations or local NGOs,” the company noted.
“MI-M was awarded the power station’s operation after its proposal was selected as the best proposal submitted in response to a public Request for Proposals (RFP) announced by Vashafaru Island Council in July 2011.”
MI-M is a subsidiary of a