Fenaka under fire for costly, unqualified water plant
The plant, which was purchased at a high price, did not meet the specifications requested by Fenaka.
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A water treatment plant recently acquired by Fenaka Corporation for Gdh. Thinadhoo was bought at a price of MVR 6 million higher than the MVR 7 million offered by the state-owned water company MWSC and did not meet Fenaka's own requirements.
Atoll Times has received a copy of the agreement form signed by Fenaka, which is being transferred to STO due to its high debt, to purchase the reverse osmosis (RO) plant and the inspection report prepared by the technical team of Fenaka.
The agreement was signed by Fenaka Managing Director Muaz Mohamed Rasheed on behalf of the company. HQ Holdings Pvt Ltd, which sold the water treatment plant to Fenaka, was represented by its Managing Director Hammad Mohamed.
According to the government business portal, HQ Holdings is a wholesaler of machinery and equipment. The company's board of directors and shareholders are Hammad Mohamed and Gudhrathullah Naseer. The two took up their posts on 28 May 2023.
A reliable source told Atoll Times that the witnesses signed the agreement a day before the Fenaka managing director signed it. The agreement, which appears to have been signed on Tuesday, shows:
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The water plant was bought by Fenaka for MVR 13.6 million
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The agreement is that HQ Holdings will deliver the water plant within one day of signing
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Upon delivery, Fenaka must make full payment at once
The plant was bought by Fenaka in a rush and at a high price after the MWSC offered to develop a water treatment plant that meets the specifications for MVR 7 million. The MWSC proposal also requires Fenaka to pay in instalments.
The plant, which was purchased at a high price, did not meet the specifications requested by Fenaka, according to an inspection by the company’s technical team on Wednesday. They include:
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Fenaka agreed to buy a plant that produces 300 tonnes of water in 20 hours
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However, the purchased water plant produces 300 tonnes per 24 hours
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The plant lacks two transfer pumps, one cartridge filter and one product disinfectant UV-C system; These items were in the contractor's proposal
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In addition, several requested specifications are missing; For example, the reject tank and the reject pump
Fenaka Managing Director Muaz could not be reached for comment.
