Harare businessman Wicknell Chivayo has filed a US$25 million lawsuit against the Zimbabwe Power Company (ZPC) for breach of contract and bringing up malicious criminal charges of fraud against him.
He also alleges that ZPC was frustrating his company Intratek from performing its obligations at the Gwanda Solar Power Project. The matter was heard before High Court judge Justice Tawanda Chitapi on Monday. Chivayo is represented by Advocate Lewis Uriri instructed by Wilson Manase. Chivayo wants ZPC to pay him $15 million for loss of profit from the contract among other demands.
Chivayo also demanded that ZPC allow him to complete the pre-commencement works within a period of 180 days from the day of the order The $25 million that Chivayo demanded included $15 million for damages that arose from the costs that he engaged in syndicating the technical partnership with CHiNT Electric and sourcing of project financing from China Exim Bank and other credit financing Institutions. He also accused ZPC of wantonly frustrating the contract and publishing false and malicious allegations thereby damaging his reputation that led to loss of business.
Quick NetOne, Telecel, Africom, And Econet Airtime Recharge
If anything goes wrong, click here to enter your query.
Wicknell Chivayo a.k.a Sir Wicknell is a business person in Zimbabwe known mostly for making posts on social media about his riches. His source of wealth is not known but he has been reported to be linked to corrupt business activities and having close ties... Read More About Wicknell Chivayo
Wilson Manase is the current boss of Zimbabwe Cricket and prominent business personality. He was previously deputy to Peter Chingoka who was at the helm of Zim cricket for 22 years and Manase deputised him for four years. Apart from his business interests, Manase is... Read More About Wilson Manase
The Zimbabwe Power Company (ZPC) was formed in October 1996, as part of the 2001 restructuring of Zimbabwe Electricity Supply Authority Holdings, (ZESA) under the Ministry and Energy and Power Development. The Electricity Act (Chapter 13:19) refers. Under the structure, all power generation assets and... Read More About Zimbabwe Power Company