News / National
Wicknell Chivayo, Yusuf Ahmed bury the hatchet
02 May 2018 at 09:56hrs | Views
Intratrek Zimbabwe shareholders, who had a spectacular fallout over the running of the company and handling of a multi-million dollar tender, have now closed ranks and committed to immediately mobilize resources to complete pre-commencement works for the 100 megawatt Gwanda solar project.
The company, which won the tender floated by Zimbabwe Power Company (ZPC) to construct the Gwanda solar farm at an engineering procurement and construction (EPC) contract of $174 million (revised down to $130 million), is owned by businessmen Wicknell Chivayo and Yusuf Ahmed.
Mr Ahmed's lawyers, Bruce Tokwe Commercial law Chambers, let the cat out of the bag before a Parliamentary Portfolio Committee on Mines and Energy, chaired by Norton Legislator Temba Mliswa, which sought to interrogate why the solar project had not progressed as expected and Chivayo was paid $5,1 million without a bank guarantee.
The company, which won the tender floated by Zimbabwe Power Company (ZPC) to construct the Gwanda solar farm at an engineering procurement and construction (EPC) contract of $174 million (revised down to $130 million), is owned by businessmen Wicknell Chivayo and Yusuf Ahmed.
Mr Ahmed's lawyers, Bruce Tokwe Commercial law Chambers, let the cat out of the bag before a Parliamentary Portfolio Committee on Mines and Energy, chaired by Norton Legislator Temba Mliswa, which sought to interrogate why the solar project had not progressed as expected and Chivayo was paid $5,1 million without a bank guarantee.
Source - The Herald
