President Ibrahim Mohamed Solih on Sunday ratified the Utility Regulatory Authority Act. The Act was passed by Parliament on 23rd November 2020, at the 20th sitting of its third session of this year.
The Act establishes an official authority to regulate and oversee the proper management of public utility services in the country. The Act further defines the mandate of the regulatory body, including general guidelines, plans and procedures in the provision of utility services.
The objectives of the Act include providing high quality utility services to all those residing in the Maldives in a more affordable, sustainable and trustworthy manner which is efficient and also environment friendly. Another objective of the Act is to establish a penalising mechanism to ensure that special laws and regulations in relation to utility services are adhered to.
Following ratification, the Utility Regulatory Authority Act has been published in the Government Gazette.
