According to its financial statements, government agencies, including council offices, courts, and health centres, account for MVR 222 million of the outstanding amount, while state-owned companies owe an additional MVR 178 million.
Fenaka Corporation has said that it is owed MVR 400 million in unpaid electricity bills from government agencies and state-owned companies operating in the atolls
According to its financial statements, government agencies, including council offices, courts, and health centres, account for MVR 222 million of the outstanding amount, while state-owned companies owe an additional MVR 178 million.
In the past month alone, Fenaka has not received MVR 47 million in payments from government agencies and companies. The corporation said that MVR 178 million remains outstanding for electricity bills over a year old, with MVR 75 million owed from unpaid bills accrued within the past year.
While the government has significant outstanding dues owed to Fenaka, the corporation owes MVR 3.7 million to private companies, with bills more than a year overdue amounting to a staggering MVR 2.1 billion.
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