Shareholder wants IPTL liquidated over ‘discrimination’

IPTL pix

The IPTL power generation plant in Tegeta, Dar es Salaam.  PHOTO | FILE

Dar es Salaam. Independent Power Tanzania Limited (IPTL) faces a new internal dispute as one of its minority shareholders has petitioned the High Court for the company’s liquidation.

Eurasia Holding Limited, which owns a 10 percent stake in IPTL, is calling for the winding-up of the company or, alternatively, payment of $25 million as compensation for its shares.