Fenaka Corporation takes over four island powerhouses

The government’s utilities company, Fenaka Corporation, signed agreements yesterday to take over four island powerhouses.

At a ceremony yesterday, agreements were signed with the powerhouses of Haa Alif Vashafaru, Meemu Mulaku, Meemu Naalaafushi and Meemu Dhiggaru.

Speaking to press following the ceremony, Fenaka Managing Director Mohamed Nimal said the corporation expected to receive funds in next year’s budget for electricity and water works in 136 islands.

Nimal revealed that the corporation inherited a debt of MVR 472 million (US$30 million). The Progressive Party of Maldives (PPM) member said the corporation has decided to forward a number of corruption cases from the defunct utility companies to the Anti-Corruption Commission (ACC) on Thursday.

A number of projects had been carried out with no documentation or records, Nimal said, including renting an office for the former Northern Utility Company without a bidding process.

Nimal also claimed that 75 percent of Fenaka Corporation’s 1,400 employees were members of the Maldivian Democratic Party (MDP). He added that some MDP members had been sacked due to harassment of staff from other political parties and actions detrimental to the corporation.

In June, President Dr Mohamed Waheed Hassan Manik established Fenaka by presidential decree to take over the seven utility companies, created during the administration of former President Mohamed Nasheed under the ousted MDP government’s policy of dividing the nation into seven provinces for decentralised administration.