Fenaka buckles under MVR 3.8 billion debt and arrears

The state utility owes billions to lenders and private contractors.

State utility defends staff dismissals

Fenaka Corporation hired 170 employees before September’s election.

Fenaka officials walk free from corruption scandal

The Anti-Corruption Commission launched an inquiry more than a year ago into the theft of US$1million from the state-owned utility.

Utility companies sue to recover millions lost in currency exchange scam

The State Electricity Company and Fenaka Corporation paid MVR20 million to Sharu Launch Services to buy dollars but cheques issued by the speedboat transfer company bounced.

Fenaka chairman resigns amid corruption scandal

Nadheem cited mismanagement by Fenaka’s staff as well as their refusal to consult the board and follow instructions on procurement of fuel by the president’s office

Head of state utility corporation replaced with former MP

The dismissal of Fenaka Corporation’s Managing Director Mohamed Nimal comes weeks after a US$1 million corruption scandal surfaced in local media. The state utility company has reportedly been unable to recover MVR17 million released to a local company to purchase dollars.

Electricity restored on Thinadhoo after powerhouse fire

The state utility company has restored electricity on the southern population hub of Thinadhoo after a powerhouse fire left residents in the dark for four days. Experts are calling for a transition to renewable energy.

Addu City shops hike prices of frozen goods after subsidy cut

Power bill deadline extended amid protests

Fenaka Corporation commissioned to build sewerage system for Kudahuvadhoo housing units

Three companies contracted to supply generators for 77 islands

Fenaka Corporation to manage Hinnavaru waste management system

Fenaka Corporation takes over four island powerhouses