- EMZOR TO CONSTRUCT US$$23M API FACILITY IN NIGERIA
- TANZANIA PRESIDENT ANNOUNCED CONTRIBUTION OF TZS100MILLION FOR ARUSHA CHURCH CONSTRUCTION
- KITGUM-KIDEPO ROAD UPGRADE: UGANDA PARLIAMENT APPROVED SHs450BILLION LOAN
- GPA ANNOUNCED PLANS TO BUILD SECOND LANDER BRIDGE IN THE GAMBIA
- HOW CAMEROON AVIATION SAFETY KEEPS IMPROVING BUT FALLING SHORT OF INTERNATIONAL STANDARD
FRAZER SOLAR TAKES ACTION AGAINST LESOTHO FOR FAILED CONTRACT
Frazer Solar, a German Solar energy Company is enforcing a worldwide enforcement action against assets held by the Kingdom of Lesotho for damages after it failed to honour a contract to build a power station.
Under a global enforcement order, following the award of 50 million euros ($61 million) in damages in an arbitration case in South Africa, Frazer said in a statement Tuesday that it has taken legal action to seize royalties that would be paid to Lesotho’s government by the Trans-Caledon Tunnel Authority SOC as well as payments for power from Eskom Holdings SOC Ltd. Read more via Bloomberg