President Waheed creates centralised utilities corporation, ‘Fenaka’

President Dr Mohamed Waheed Hassan has today established the Fenaka Corporation Ltd by presidential decree.

The corporation will take over from the seven utility corporations established during the administration of former President Mohamed Nasheed, under its policy of decentralisation.

The objectives of the company, which has 100 percent government-owned shares, were detailed in a press release from Waheed’s office.

“The key objective of this company would be to ensure sustainable primary services to the populace in the regions of the country other than Male’; supply of clean water, sewerage and electricity, and to establish an environment friendly waste management system,” read the statement.