Fenaka Corporation Limited

MIFCO hands over Operations of 13 Ice Plants to Fenaka

fenaka_admin — Thu, 09 May 2024 05:20:26 +0000

Maldives Industrial Fisheries Company Limited (MIFCO), has signed an agreement to handover the operation of 13 ice plants to Fenaka Corporation Limited.

At a ceremony held at the head office of Fenaka Corporation on 22nd September 2022, Managing Director Ahmed Saeed Mohamed and MIFCO’s Managing Director Ismail Fauzee signed the agreement on behalf of their respective companies.

Minister of Fisheries, Marine Resources and Agriculture Dr. Hussain Rasheed Hassan was the chief guest of the event.

Speaking at the Ceremony, Managing Director Ahmed Saeed expressed gratitude towards the government for entrusting the responsibility to Fenaka and assured that the company will continuously provide ice to fishermen.

He also said that the main task of the first phase will be the repairs and from then on would like to establish a mechanism by which the ice plants can operate for 24-hours.

He further added that Fenaka wants to run the ice plants on solar or other green energy in the future, which can reduce expenditure.

Also at the ceremony, Managing Director Fauzee said that currently the ice plants are operating at a loss, and he said he would work to ensure that the existing ice plants at MIFCO will operate at a standard level in the future.

Fauzee also said that 70 percent of this operations are fuel powered which has caused issues due to fluctuation in global fuel prices. He added that, after having transferred the ice plants to Fenaka will solve the issue.

The ice plants handed over to Fenaka are in; Ihavandhoo in Haa Alifu Atoll, Lhohi in Noonu Atoll, Alifushi in Raa Atoll, Thulhaadhoo in Baa Atoll, Nilandhoo in Faafu Atoll, Hirilandhoo in Thaa Atoll, Dhandhoo, Dhevvadhoo, Gemanafushi, and Kolamaafushi in Gaafu Alifu Atoll, Fiyoaree and Faresmaathodaa in Gaafu Dhaalu Atoll, and Hithadhoo in Addu City.

Fenaka has also introduced an ice supply application that can be used by fishermen. Using the application, they can determine the availability of ice from ice plants in different regions.

Becoming the Benchmarked Utility Service Provider

fenaka_admin — Thu, 09 May 2024 05:20:05 +0000

We believe in high standardization to ensure high quality and safe utility services to everyone

Looking back a couple of decades, if it had been said that the much-needed utility services for the Maldivian islands in outer regions would one day be provided under a single umbrella, many might not have believed it. Several factors, especially the archipelagic nature of the country as well as each island having their own administration made people believe the idea impractical and dysfunctional. However, the deteriorating conditions of the utility sector in many islands, due to the small population and low returns, were calling out for urgent action by the government.

This was the case until the formation of six regional state-owned utility companies in 2009, which shed a positive light on the prevailing pessimism. Despite heavy skepticism, the utility companies began a tremendous journey to acquire the utility-related operations of regional islands. Before long, in 2012, a new state-owned company was incorporated in place of regional utility companies. Thus began our story as Fenaka Corporation Limited. The word ‘Fenaka’ derives from Dhivehi language with first syllables of the words for water (fen), sewer (narudhama) and electricity (karantu), which are the three main utility services we provide. Ever since we have been making the impossible possible, and changing the livelihood of thousands.

Today, with operations in over 150 island communities, we are the largest state-owned utility provider in the Maldives. With this prominence, we have been going forward in our journey to become the benchmarked utility service provider nationwide. One of our notable achievements so far has been to provide 24/7 electricity to all the islands we serve and thus reaching the national target of providing electricity to each and every household. In addition to electricity, we have also outreached our water and sewer facilities to many islands during the short history of the company. In reaching these milestones, we paid great attention to ensure that even the smallest of our consumer base received the services to the same standards as the larger consumer bases. Valuing our consumers this way has also provided us immense satisfaction as we see them today reaching new heights of social and economic development, side by side with our employees and other stakeholders.

Increasing Our Capacity of Solar Energy Generation

fenaka_admin — Thu, 09 May 2024 05:18:26 +0000

We aim to increase our power generation capacity from solar energy through positive partnerships.

Deafening noise from powerhouses, underground water contamination caused by high volumes of leaked oil, harmful exhaust fumes from powerhouses released right into homes, are only a handful of complaints from the never-ending list of concerns raised repeatedly over and over again by the majority of island communities in the country. In addition to being a great burden, these detrimental conditions from the poorly planned and poor maintained powerhouses have been causing several health problems among many islanders.

In an attempt to bring a sustainable solution to these problems, the company has formulated a plan to replace diesel power generation with solar power generation. The goal is to transform 70% of power generation from Fenaka’s powerhouses to power generation from renewable energy sources.

Through various projects, we have been installing solar PVs in various islands and transforming power generation to solar and diesel hybrid power generation systems. We have now installed 7487 kWp of solar systems across our operations. We see this as a huge learning curve to accelerate our pace in our sustainable energy journey.

We also encourage households to invest in their own solar PV systems. These systems are then connected to the main electricity grid of Fenaka and operated as per the net-metering policies of the company. From 2020 onwards, the company will also be offering home solar solutions to our customers. In addition to being environmentally friendly, this would also result in huge savings for the company from a reduction in diesel costs, as well to customers out of savings from their electricity bills. Through such initiatives, we aim to create shared goals to ensure greater sustainability.

Empowering Our Women

fenaka_admin — Thu, 09 May 2024 05:17:10 +0000

We aim to provide equal opportunities for women to get involved in the power sector.

Women empowerment has now become a widely regarded topic in today’s business world. In fact, it is not difficult to understand why. Women in leadership roles have demonstrated outstanding performances and proven to bring new dimensions to strategic developments and business decision making. This has inspired a global phenomenon to increase the participation of women in technical fields and the corporate world.

Taking insight from such business best practices, we are also endeavoring on a journey to create a corporate culture where women have equal say and contribution as men. By doing so we are not intending to replace men, but rather create an environment where both men and women can calibrate their ideas for more comprehensive and holistic outcomes.

During the past year, we have seen an increase in women’s involvement in various levels of the company. This includes department heads, engineers and technicians, station managers, and internal committee executives. By doing so we had been able to observe the immediate benefits which reaped out of the change. It is in our vision to create more of such opportunities to women and utilize their knowledge and expertise in enhancing our service provision.

We acknowledge that simply increasing the number of women representation alone is not a sustainable solution for women empowerment. Recognizing this, we have also been carrying out various policy-level initiatives as well as relevant training to tackle the various barriers that women face in the work environment.

One of the most notable of such policy changes is following the government’s initiative and introducing six months of maternity leave to our female staff. This has shown and is expected to further reduce the number of female resignations following childbirth. We have also been strengthening policies related to sexual and workplace harassment to provide a safe environment for men and women working in the organization.

Furthermore, various sessions of training are being provided to boost self-confidence and provide assistance in addressing everyday challenges faced by our female employees. We have also been partnering in various programs and initiatives to promote women empowerment by our strategic partners as well as NGOs.

Fenaka signs MoU with STELCO to obtain technical assistance

fenaka_admin — Wed, 08 May 2024 10:23:56 +0000

A Memorandum of Understanding (MoU) was signed during a ceremony held at STELCO on January 30, 2024. Hussain Fahumy, the Managing Director of STELCO, represented the organization, while Managing Director Muaz Mohammed Rasheed represented Fenaka Corporation.

This collaborative agreement outlines the commitment of STELCO to enhance the skill sets of Fenaka employees. The training, which will be conducted at STELCO facilities and Fenaka powerhouses, focuses on mechanical and electrical engineering. The expected outcome is the expansion of services to the public, fostering a heightened level of confidence in the offerings of both entities.

Expressing gratitude during the signing ceremony, Fenaka’s Managing Director, Muaz Mohammed Rasheed, acknowledged STELCO’s invaluable support in helping Fenaka overcome prevailing technical and financial challenges, all without incurring any costs. He emphasized that Fenaka’s significant expenditure, amounting to MVR 117 million last year, was primarily directed towards servicing pumps and generators. Through collaborative efforts with STELCO, Fenaka aims to optimize service costs, providing more affordable and efficient services.

Beyond skills development, the signed agreement between these two state-owned enterprises is designed to streamline financial assistance to Fenaka in a systematic manner, contributing to the sustainable growth of both organizations.

47 Employees Of Fenaka Corporation Participated in the Customer care and Leadership Training Program

fenaka_admin — Wed, 08 May 2024 10:22:45 +0000

The Customer Care and Leadership Training Program was a collaborative effort between Fenaka Institute for Training and Research and Skill Hub, aimed at enhancing the customer service skills and leadership qualities of the employees. The two-day program, held in Raa. Hulhudhufaaru, provided a platform for 47 employees from Fenaka branches in Raa and Baa Atoll to learn and develop essential skills to improve their performance in their respective roles. The program covered various aspects of customer care, effective communication, problem-solving, and leadership techniques, empowering the participants with the necessary tools to excel in their professional roles.

Through interactive workshops, group activities, and real-life case studies, the participants were able to enhance their understanding of customer needs and expectations, as well as develop strategies to meet those needs effectively. Additionally, the leadership training component provided valuable insight into effective leadership styles and techniques, equipping the employees with the skills to motivate and guide their teams towards achieving organizational goals. Overall, the training program was a valuable opportunity for the employees to acquire new knowledge and skills, ultimately contributing to the improvement of customer service and leadership within Fenaka branches in the region.

Fenaka Institute has been organizing various training programs for employees of Fenaka branches nationwide. The institute is dedicated to conducting more training and development initiatives to improve the knowledge and skills of its staff in the coming years.

Fenaka signs MoU with Maldives Polytechnics on Training People in Technical and Labor Sectors

fenaka_admin — Wed, 08 May 2024 06:30:37 +0000

A significant milestone was achieved on February 8, 2024, as a Memorandum of Understanding (MoU) was signed at the Fenaka Corporation Head Office. Zooshan Kamaludeen, the Deputy Minister of Higher Education, represented the Maldives Polytechnics, while Deputy Managing Director Hussain Zuhuree stood for Fenaka Corporation.

This MoU marks a pivotal commitment towards enhancing workforce development, with the main objective of ensuring that the technical personnel of Fenaka are well-versed in the water and sanitation laws and regulations, as well as the issuance of licenses for electricity generation and supply. Furthermore, a core component of this partnership is the provision of invaluable industrial experience opportunities to polytechnic graduates, thereby bridging the gap between academic knowledge and practical application.

This collaborative endeavor signifies an intensive effort to enhance the skillsets of the workforce while concurrently aligning with regulatory frameworks essential for the effective operation of Fenaka’s activities. By facilitating comprehensive training initiatives, the aim is to cultivate a set of highly competent professionals poised to meet the evolving demands of the industry.

Looking ahead, this MoU serves as the foundation for similar training programs, emphasizing a steadfast commitment to human capital development and organizational excellence. Through sustained collaboration and shared vision, this partnership is poised to yield enduring benefits for the workforce, the company, and the broader community alike.

Welcoming Ahmed Shaheer as the New Chairman of Fenaka

fenaka_admin — Wed, 08 May 2024 06:28:23 +0000

We are delighted to announce the appointment of Mr. Ahmed Shaheer as the new Chairman of Fenaka Corporation Limited.

With a distinguished career spanning decades and a wealth of experience in leadership roles, Mr. Shaheer’s journey in the corporate world is marked by his commitment to excellence and his ability to drive results. His tenure as Managing Director and a Board Director at State Trading Organization PLC showcased his adeptness at developing and strengthening management teams to enhance company profitability and efficiency as well as successfully initiating and leading the development of new ventures for the organization.

Throughout his career, Mr. Shaheer has been actively involved in board positions in various companies, including Chairman roles at various subsidiaries of STO PLC.

A highly educated individual, Mr. Shaheer holds a master’s degree in Business Administration as well as an undergraduate degree in Business Administration from Australia.

As Fenaka Corporation Limited welcomes Mr. Shaheer as our new Chairman, we look forward to leveraging his insights, leadership, and vision to drive our organization’s success. With his guidance, we are confident in our ability to navigate challenges, capitalize on opportunities, and deliver exceptional services.

Please join us in extending a warm welcome to Ahmed Shaheer as he embarks on this new chapter with Fenaka Corporation Limited. We are excited about the journey ahead under his capable leadership.