Fenaka Corporation Limited has signed agreements for the construction of powerhouses on three islands.

Construction of a new powerhouse in Sh. Foakaidhoo was contracted to Waleed Construction. The agreement was signed on behalf of Fenaka by Director Ibrahim Waheed and Waleed Construction was represented by the owner Waleed Abdul Gadhir.

The total cost of the project is MVR 5،660،951.96 (five million, six hundred and sixty thousand, nine hundred and fifty-one point nine six) and has been contracted to be completed by April 19th next year.

LF Construction Pvt Ltd was contracted for the construction of a new powerhouse in Hdh. Finey for MVR 5،249،479.62 (five million, two hundred and forty-nine thousand, four hundred and seventy-nine point six two) to be completed by March 19th next year. The agreement was signed on behalf of Fenaka by Director Ibrahim Waheed and LF Construction was represented by the Managing Director Ahmed Firaaq.

Additionally, the powerhouse construction in N.Milandhoo Beach was assigned to Beach Builders Pvt Ltd for MVR 5،530،189.40 (five million, five hundred and thirty thousand and one hundred and eighty-nine point four zero). The agreement was signed on behalf of Fenaka by Director Ibrahim Waheed and Beach Builders Pvt Ltd was represented by the Deputy Managing Director Ibrahim Waheed.

The construction was contracted to be completed by April 19th next year.