IPTL 30bn/- suit bounces in US court

FAUSTINE KAPAMA
Daily News On Saturday; Thursday,April 17, 2008 @17:02

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THE US District Court has refused to proceed with the hearing of the Independent Power Tanzania Limited (IPTL) complaint, demanding 30bn/- from the Tanzanian government, for breach of Power Purchase Agreement (PPA) they signed in 1995.

Judge Alvin Hellerstein, instead, stayed the case and ordered the company to go for arbitration first as per the agreement and gave them six months to file a report on the course of arbitration, failure of which the case would be dismissed with costs.

Prominent advocate Nimrod Mkono of Mkono and Company Advocates, who is defending the government in the case, told the 'Daily News' from United States today that the court gave its decision on April 15, when the matter came for hearing of the government’s objection.

The court’s decision, he said, was in agreement with objections raised by the government and argued by him in association with United States based law firm, Hunton and Williams, against the claims by the electricity power generating company.

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http://dailynews.habarileo.co.tz/home/index.php?id=4158