Tanzania: Symbion seeks $562m after terminating Ubungo PPA
Issue 342 - 16 Mar 2017
US developer Symbion Power Tanzania Ltd on 13 March filed a request for arbitration at the International Chamber of Commerce (ICC) in Paris claiming breach of contract due to non-payment by Tanzania Electricity Supply Corporation (Tanesco) for power from the 126MW Ubungo plant (AE 331/1). Symbion says Tanesco has refused to pay for its power since the contract was agreed, claiming variously that the power purchase agreement (PPA) had been “put on hold”, never been signed or, later, that it had been rescinded.
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