Blow for Chivayo

Blow for Chivayo
Published: 08 May 2018
Intratrek Zimbabwe's plans to establish a 100-megawatt solar plant in Gwanda is in jeopardy after its technical partner, Shanghai-listed ChiNT Electric, was barred from accessing funds in Africa due to fraudulent practices.

This comes as Chint's executives were due to visit the country this week to renegotiate time extensions for raising money and other terms.

The African Development Bank yesterday said it has blacklisted Chint for 36 months after an investigation conducted by the institution's office of Integrity and Anti-Corrption established that the Chinese engineering company had engaged "in a multitude of fraudulent practices."
- Daily News
Tags: Chivayo,


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