President Ibrahim Mohamed Solih has today ratified the Utility Regulatory Authority Act (Law No. 26/2020).
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 hight quality utility services to all those residing in the Maldives in a more affordable, sustainable, and trustworthy manner that is efficient and also environment friendly.
Another objective of the Act is to establish a penalizing 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.
