Symbion dispute threatens further arbitration for Tanesco
Issue 331 - 04 Oct 2016
US developer Symbion Power has sharply criticised Tanzania Electricity Supply Company (Tanesco) for what it says is its continued failure to pay for power supplied by the Ubungo plant. Despite losing a separate arbitration case brought by Standard Chartered Bank, the utility remains intransigent in its dealings with Symbion. But Ubungo has been shut down for several months and another big arbitration case could be on the cards, with all the accompanying bad press for President John Magufuli’s clean-up campaign.
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