Dar es Salaam. Independent Power Tanzania Limited (IPTL) has suffered a major legal setback after the High Court dismissed its case against the government, in which it challenged a 2021 settlement agreement over the Tegeta Escrow funds and demanded Sh100 billion in compensation.
The oil-powered electricity generation company filed the lawsuit in 2024, seeking to invalidate the agreement signed with the government, which had previously resolved a long-running legal battle over the controversial escrow funds.
