Zimbabwe: Pungwe B loses arbitration case against state utility ZETDC

Issue 449 - 01 Nov 2021 - By Marc Howard | 3 minute read

Pungwe B Power Station – a special purpose vehicle managed by developer Nyangani Renewable Energy (NRE) – has lost its case against state utility Zimbabwe Electricity Transmission and Distribution Company (ZETDC) at the International Chamber of Commerce (ICC) in Johannesburg over whether it could demand payments in US dollars (USDs).

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