Chivayo wins $25 million ZPC lawsuit
HARARE businessman Wicknell Chivayo has won a $25 million lawsuit against the Zimbabwe Power Company (ZPC) for bringing up malicious criminal charges of fraud against him and allegedly frustrating his firm, Intratrek Company, from performing its obligations at the Gwanda Solar Power Project.
Chivayo had been hauled before a magistrate to answer charges of fraud on the way he handled the 100 megawatt (MW) Gwanda Solar Project contracted by ZPC.
The State case was that Chivayo received $5 million advance payment for the project from ZPC without a bank guarantee, but ZPC stated on court record that they were not a complainant in the matter. Read more