COMPANY from the United Arab Emirates, Rental Solutions and Services LLC in court beaten up electric company Symbion Tanzania Limited, alleging paid US $ 228,070,655.67, which is more than 560 billion shillings as compensation and payment of leases of hydro-electric power plants in the country.
The case number 234 of 2016 has been opened in Dar es Salaam High Court last weekend. The second in the debtor's counsel is Tanzania Electric Company (TANESCO), which was connected in this case as the chief actor in the saga in which decisions shall be given by the court can affect it.
In the plaint, Company Rental Solutions and Services claims Symbion US $ 28,070,655.67 arrears costs ukodishwaji installations, which until now Symbion failed to pay and also in a case that Symbion will be asked to pay US $ 200 million, which is compensated by the company So eat losses from Symbion break the terms of the contract and delay or failure to make such payments.
According to the document claims, these funds are based on the work done by the company's UAE to distribute, install and operate plants producing electricity which was leased by Symbion for use in various projects to generate electricity for Tanesco to disseminated as the Grid State as stipulated in the contracts.
Rental Solutions and Services also in this case, I am asking the court to declare that the failure to pay those costs Symbion rental contract as agreed on by both sides has led to a breach of contract and it is not valid and should not continue.
It was alleged that between September 2011 to June 2013, Rental Solutions and Services entered into various contracts with Symbion where when it mattered the agreements supplemented time to meet the requirements in accordance with the agreements for the purpose of distributing and set up electrical installations to be distributed to the National Grid.
September 21, 2011 the company entered into a contract of Arabia and Symbion for supplying and electrical installations set up at the Centre of TANESCO Zuzu's powerful kilovolti 33 that is in Dodoma capable of producing 50 megawatts.
In such installations, the parties agreed to the payment of US $ 1,374,500 per month for the past six months which end up. It was alleged that during the period, Symbion would have to pay a total of US $ 8.247 million.
Hati the plaintiff shows that such an agreement was struck with both sides February 12, 2012, about the plants produce 55 megawatts of electricity for a period of 12 months at a cost of US $ 1,666,000 per month.
Such equipment is located in Arusha and Dodoma stations. According to the document claims, there was an increase of the duration of use of such equipment in stations Dodoma and Arusha where Rental Solutions and Services fulfilled its requirements as embodied in treaties and submitted vouchers for Symbion to complete the payment of rent while the like required.
With Rental Solutions and Services to fulfill the terms of the contracts, between US $ 77,667,666.28, Symbion has paid 49,597,010.61 dollars only. So, Rental Solutions and Services claims that so far, without any justification, Symbion has failed to fulfill the terms of the contract by not paying back the amount of $ 28,070,655.67.
