Fenaka takes over management of MIFCO ice plants

Fenaka Corporation has taken over management of ice plants run by Maldives Industrial Fisheries Company (MIFCO) in 14 regions across Maldives.

The handover agreement was signed by Fenaka’s Managing Director Ahmed Saeed and MIFCO’s Managing Director Ismail Fauzy in a ceremony at Fenaka headquarters on Thursday.

The signing was witnessed by Fisheries Minister Dr. Hussain Rasheed Hassan.

At the ceremony, Fenaka launched an app which allows fishermen to order the ice they need from the ice plant of their choice.

The app is now available for download from AppStore and Play Store.

Speaking at the ceremony, Fisheries Minister Hussain said the change will cut down the cost of producing ice.

“Fenaka is now the most large-scale utility company in Maldives. The two ingredients needed to produce ice are water and electricity. Therefore, its Fenaka that has the capacity to provide water and electricity at the lowest rate,” he said.

Hussain said Fenaka had technical staff stationed across Maldives, making it easier to resolve issues that may arise in ice plants.

Fenaka’s MD Ahmed Saeed provided assurance the company would operate the ice plants at full capacity, ensuring an uninterrupted supply of ice to fishermen.

“First of all, we will establish a mechanism that will ensure 24-hour operation [of the ice plants]. Second, we will connect the ice plants to our cable network, and install solar power where possible in order to cut cost,” he said.

Though MIFCO’s ice plants will hereafter be managed by Fenaka, it will continue to provide ice from its centers.