ICC orders Tanesco pay Dowans Tsh185bln
In a landmark judgment, the International Commercial Court of Arbitration in November ordered Tanzania’s Electricity Supply Company (TANESCO) to pay Dowans USD 24,168, 343 equivalents to Tsh 185Bln for breach of contract. The ruling brought a new twist and sparked more controversy to the alleged emergence electricity power supply corruption case which has rocked the country for the past four years.
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