Geothermal firm in middleman dispute

Issue 260 - 09 Aug 2013 | 2 minute read

California-based AAE Systems is embroiled in a dispute with Ugandan firm Apex Petroleum over $60m of arrangement fees relating to the $1.2bn 150MW Katwe geothermal project in Kasese, western Uganda. Apex director Ahmed Mutimba claims AAE contracted him as its country representative, charged with identifying projects and partners, and entitled to 5% of project costs as an arrangement fee upon the signing of a power purchase agreement (PPA) (AE 253/8).
Having formed a joint venture with local company Katwe Geothermal earlier this year, AAE signed a PPA with the Uganda Electricity Transmission Company in April 2013.

Tagged with:

Pin Power

Pin Uganda

Want to read more?

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