A digest of news and opinion from the Maldives.
State utility company, Fenaka Corporation Limited has won four awards at the 2020 Asian Power Awards, one of the most prestigious power industry awards in Asia. Fenaka has won awards for its central power station project on L. Gan, solar panel projects in GDh. Madaveli and Hoadehdhoo. Additionally, the Managing Director of Fenaka Ahmed Saeed […]
The public utility company, Fenaka Corporation has announced that the company made a net profit of MVR 35 million last year, describing it as the greatest financial success in its company history. The company said that the success in turning a profit last year is believed to be the result of significant operational changes over […]
Fenaka Corporation Limited has achieved the certification of the International Organisation for Standardisation (ISO). The company becomes the first company offering utility services that achieved this certification in the Maldives. The International Organization for Standardization is an international standard-setting body composed of representatives from various national standards organizations. Founded on 23 February 1947, the organization […]
The past few days, the public has raised their concerns regarding their electricity bills that have skyrocketed. People are questioning the high amounts written on their bill, confused as to why it’s so high. This issue is significant during a time the public is dealing with low income as a result of the low economic […]
The Prosecutor General’s office has ordered an anti-corruption watchdog to drop charges against senior Fenaka officials over abuse of power allegations in a foreign exchange transaction, local media has reported. The Anti-Corruption Commission launched an inquiry more than a year ago into the theft of US$1million from the state-owned utility. Fenaka reportedly released MVR17 million […]
Mohamed Nimal, formerly the managing director of MRDC. FILE PHOTO/MIHAARU The Prosecutor General’s Office informed the Anti-Corruption Commission (ACC) on Wednesday, to take back the charges against Mohamed Nimal, the former managing director of the state-run utility firm Fenaka Corporation, and three others for the illegal purchase of US Dollars to the corporation. Fenaka had […]
Mohamed Nimal, formerly the managing director of MRDC. FILE PHOTO/MIHAARU The Anti-Corruption Commission (ACC) has requested the prosecutor general to charge Mohamed Nimal, the former managing director of state-run utilities firm Fenaka Corporation, and three others for the illegal purchase of US Dollars to the corporation. The three others to be prosecuted are the former […]
Bank of Maldives the leading financial institution in Maldives has signed an agreement with FENAKA corporation to expand its network of cash agents in the islands of Maldives. The agreement was signed by BML CEO and Managing Director, Mr Andrew John Healy and Managing Director of FENAKA Corporation, Mr Ahmed Shareef, in a ceremony held […]
The Mauritius Commercial Bank (MCB) branch in the capital Male. MIHAARU FILE PHOTO/NISHAN ALI Local firm Sharu Launch Services Pvt Ltd has withdrawn its lawsuit against Mauritius Commercial Bank (MCB), seeking MVR 150 million as compensation for damages caused by the bank allegedly refusing to sell US Dollars to the company. Sharu Launch claimed that […]