‘Tegeta escrow will go down in history as a major scandal’
Thursday January 1 2015
Judge Werema: resigned
With the Attorney General forced to resign, a minister sacked and the fate of another one hanging in the balance over the scandal, the Tegeta Escrow scam will still make headlines beyond 2014
Drought that hit the country in 1994, led to power shortages as hydro catchment areas run dry. Tanzania Electric Supply Company Limited (Tanesco) invited emergency solutions, eventually settling for two turbines financed by foreign aid.
A joint venture known as Independent Power Tanzania Ltd is set up between Mechmar Corporation of Malaysia (70 per cent) and VIPEM of Tanzania (30 per cent)