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Fenaka

The state utility Fenaka, its audits and its takeover by STELCO.

1 story · 11 sources from 4 outlets

  1. Fenaka audit: MVR 3.51 billion owed to suppliers, unverified, as STELCO takes over

    The Auditor General's 2024 audit of Fenaka records MVR 3.51 billion in unpaid supplier bills, a figure the auditors could not verify. The government is dissolving the utility, and STELCO has taken over its islands.

    Atoll Times, Sun Online, MV+, The Standard Maldives · 11 sources

    Atoll Times, Sun Online, MV+, The Standard Maldives

    11

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