Monday, July 29, 2013

Uganda:

Multi-Billion Geothermal Project Hit By Bitter Dispute (AllAfrica.com)

A US $ 1.2b geothermal power project in western Uganda to mitigate the country's energy shortfall has run into trouble and at the brink of stalling following a sharp dispute over a US$ 60,000,000 arrangement fee.

The dispute is between a U.S. infrastructure firm AAE Systems and their local representative, Apex Petroleum Uganda Limited, acting through its director Ahmed Mutimba.

Consequently Apex Petroleum in a letter dated July 5, 2013 has petitioned justice and Constitutional affairs minister, seeking to enforce contract performance against AAE Systems Inc.

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