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Tanzania: Symbion makes final attempt at settlement

Lawyers acting for Symbion Power Tanzania Ltd (SPTL) majority shareholders Richard Westbury and Paul Hinks have told the Tanzanian government that arbitration proceedings at the World Bank Group’s International Centre for Settlement of Investment Disputes (ICSID) will be resumed if the government does not return to the negotiating table. Negotiations to settle a long-running dispute over the power purchase agreement (PPA) for SPTL’s 112MW Ubungo gas power plant had shown some promise last year, with a series of meetings between SPTL executives and the government, but communication broke down in January.

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