Zimbabwe Private Power Industry Held Up by Currency Dispute

Zimbabwe’s state electricity company is awaiting the outcome of international arbitration in a currency dispute with the country’s biggest private power producer that’s holding up other investments.

Nyangani says it’s owed $8.6 million by state power company
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Nyangani Renewable Energy Ltd., which operates solar and hydropower plants in Zimbabwe and Malawi, took the Zimbabwe Electricity Transmission Distribution Co. to the Johannesburg branch of the International Chamber of Commerce to rule on the disagreement over a currency conversion agreement.

Post published in: Featured

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