Tanzania: Why Tanesco Wants to Pull Out of 15-Year Symbion Deal

Dar es Salaam — Tanzania Electric Supply Company (Tanesco) is reportedly citing court cases facing Symbion Power Company Limited as the reason why it wants out of a 15-year contract with the US firm, The Citizen can report.

One of the cases involve a judgement issued by the Commercial Division of the High Court granting the confiscation of the Symbion power plant located in Ubungo over a Sh6.372 billion debt.

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