Fenaka Corporation will establish a nationwide submarine cable network in 2020.
Fenaka's Managing Director Ahmed Saeed announced the project at the ‘Engineering Symposium 2019’ organised by the utilities company on Sunday.
Saeed highlighted that the submarine cable network would be the largest project undertaken by Fenaka. It is expected to reduce company losses by 20-30 percent.
"Although [the project] would increase capital investment somewhat, it is our target to connect all the islands of Maldives with a single network", he said.
In addition to the submarine cable network, Fenaka is also gearing up to enhance services in the coming year, with the introduction of online bill payments, and repairing and renewing power, water and sewerage systems in islands.
Furthermore, Fenaka plans to provide power generated from renewable energy sources, to 70 percent of the nation. While Fenaka aims to triple efforts in the renewable energy sector, State Electric Company (STELCO) is also working to convert 50 percent of its power output to renewable energy.