Fenaka Signs USD 31M Deal for Addu Central Power Station
Fenaka Corporation has entered a USD 31 million agreement to develop the Addu Central Power Station. Dubai based Definit Solutions will carry out the project.
The agreement was signed by Mohamed Najah, Managing Director of Fenaka, and Abdulla Saeed, Managing Director of Definit Solutions.
Once operational, the plant will generate 26.37 megawatts of electricity. Completion is expected by the end of next year.
President Mohamed Muizzu says the new power station will resolve Addu’s electricity challenges for the next 20 years.
