Sieyuan Electric Co. Ltd and its subsidiaries have been debarred from African Development Bank (AfDB) tenders for fraud. Sieyuan Electric has been debarred for 12 months and its subsidiary Jiangsu Rugao HV Electric Apparatus Co. Ltd for 20 months. The negotiated settlement was announced on 16 June 2020.
An AfDB investigation concluded that Sieyuan Electric had falsified its credentials in a tender for the upgrade and rehabilitation of two substations in Rwanda. The tender was launched in 2015 as part of the AfDB-financed Scaling Up Energy Access Project. The AfDB said that false documentation was then provided in response to a query by its Office of Integrity and Anti-Corruption. Jiangsu Rugao is alleged to have submitted forged certifications during the bid claiming that components it manufactures complied with the tender’s technical requirements.
The debarment settlement means that Sieyuan Electric and its subsidiaries will be unable to participate in any tenders financed by the AfDB, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, or the World Bank Group.
In spite of Sieyuan Electric having submitted false documentation, the AfDB said in a statement that it recognised the company’s extensive cooperation with the investigation, “including its partial voluntary disclosure of the sanctionable conduct”.
Africa Investment Exchange: Gas Update Webinar
DEVELOPING PARTNERSHIPS ALONG THE GAS VALUE CHAIN
13h00-15h00 GMT+1, 23 June 2020
The third AIX Webinar is a free event providing an update on Africa’s gas market ahead of the sixth AIX: Gas meeting on 15-17 September.