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‘Undenge Pressured Us To Pay Chivayo US$5m Without Guarantee To Protect Public Funds’.-ZPC
Energy and Power Development Minister Dr Samuel Undenge reportedly pressured the Zimbabwe Power Company to pay Wicknell Chivayo’s Intratek Zimbabwe $5 million in the absence of a bank guarantee to protect public funds. Chivayo yesterday admitted to receiving payment without a guarantee as specified in the contract to construct a 100 Megawatt solar plant in Gwanda. Chivayo said it was difficult for a local company to raise a bank guarantee, hence the decision to…
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