January 7, 2011

Beyond the obvious: Behind the scenes shooting a photo story

Beyond the obvious: Behind the scenes shooting a photo story: "Colourful fishing nets in Fuengirola harbour. What goes on in the mind of a photographer shooting a photo story? I thought some readers may ..."

DOWANS (T) Ltd OWNERS!!

THE National Power Utility company (Tanesco), will have to pay Dowans Holdings SA (Costa Rica) the sum total of 94bn/- following recent ruling by the International Court of Arbitration, the government has announced.
Addressing media conference in Dar es Salaam on Thursday, the Minister for Energy and Minerals, William Ngeleja, said the amount was way below the much publicised figures that stood at 186.5bn/-.
“The decision is painful to all of us (Tanzanians) but since the contract was legally binding and the decision was not in our (government) favour, the payment will have to be honoured,” Ngeleja explained.
However, the minister was explicit on the pre-condition leading to the payment to Dowans saying that the legal requirements and the nature of contract signed required that payment(s) would only be honoured after registration of claims at the High Court of Tanzania.
Asked why not file an appeal for further legal battle and possibly avert the staggering loss, the minister said after consultations with legal experts including the Attorney General, Mr Frederick Werema, it was decided that appeal for the case was not an option.
The minister also made public names of six directors of Dowans Tanzania Limited. According to official letter Reference Number MITM/ RC/58550/22 from the Business Registration and Licensing Authority, BRELA, dated January 05, 2011, the directors are Andrew James Tice (Canadian), Gopalkrishnan Balachandran (Indian) and Hon Sung Woo (Singaporean). Others are Guy ArthurPicard (Canadian), Sulaiman Mohammed Yahaya (Omani) and Stanley Munai (Kenyan). Asked how come the entire list of directors comprised of foreigners while investment procedures require local partnership, the minister said the power crisis was not planned for and the entire project was handled with urgency and the crisis could not wait for identification of local partners.
It was explained that the directors of Dowans Tanzania Limited operated under the framework of the percentage of share holdings such that Dowans Holdings S.A (Costa Rica) has 81 shares while Portek Systems and Equipment PTE Limited owned 54 shares. Source: Daily News

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