Zambia: MCL seeks arbitration over $350m arrears

Issue 427 - 19 Nov 2020

Maamba Collieries Limited (MCL) has launched arbitration proceedings against Zambian state power utility Zesco in London’s High Court seeking payment of $350m of arrears. MCL, majority-owned by India’s Nava Bharat Ventures, says it may be forced to shut its 300MW coal-fired power plant as mounting debt and pressure from lenders pose a serious threat to the viability of its operations.

Want to read more?

Medium article


(Access to one 401-800 word article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map


Need help?

A member of our team will be pleased to assist you

Sales – Alex Wark

Support – Tara Mulvey

Tel: +44 (0)1424 721667

Want to see more articles like this?

Search our archive or set up custom notifications to be alerted about new content.