Maldives Industrial Fisheries Company Limited (MIFCO), has signed an agreement to handover the operation of 13 ice plants to Fenaka Corporation Limited.

At a ceremony held at the head office of Fenaka Corporation on 22nd September 2022, Managing Director Ahmed Saeed Mohamed and MIFCO's Managing Director Ismail Fauzee signed the agreement on behalf of their respective companies.

Minister of Fisheries, Marine Resources and Agriculture Dr. Hussain Rasheed Hassan was the chief guest of the event.

Speaking at the Ceremony, Managing Director Ahmed Saeed expressed gratitude towards the government for entrusting the responsibility to Fenaka and assured that the company will continuously provide ice to fishermen.

He also said that the main task of the first phase will be the repairs and from then on would like to establish a mechanism by which the ice plants can operate for 24-hours.

He further added that Fenaka wants to run the ice plants on solar or other green energy in the future, which can reduce expenditure.

Also at the ceremony, Managing Director Fauzee said that currently the ice plants are operating at a loss, and he said he would work to ensure that the existing ice plants at MIFCO will operate at a standard level in the future.

Fauzee also said that 70 percent of this operations are fuel powered which has caused issues due to fluctuation in global fuel prices. He added that, after having transferred the ice plants to Fenaka will solve the issue.

The ice plants handed over to Fenaka are in; Ihavandhoo in Haa Alifu Atoll, Lhohi in Noonu Atoll, Alifushi in Raa Atoll, Thulhaadhoo in Baa Atoll, Nilandhoo in Faafu Atoll, Hirilandhoo in Thaa Atoll, Dhandhoo, Dhevvadhoo, Gemanafushi, and Kolamaafushi in Gaafu Alifu Atoll, Fiyoaree and Faresmaathodaa in Gaafu Dhaalu Atoll, and Hithadhoo in Addu City.

Fenaka has also introduced an ice supply application that can be used by fishermen. Using the application, they can determine the availability of ice from ice plants in different regions.