IPTL/PAP: Hatuna kesi na TANESCO

[MANKA MUSA]

wewe kichwa maji upo wapi njoo huku

IPTL imetokana na Muungano wa kampuni yaMechmar (Malaysia) Berhard (70%) na VIP(30%), na kampuni ya PAP/IPTL iliyoundwa baada ya kununuliwakampuni kwa kampuni hizo hapo juu,hivyokitendo cha kuzungumzia utendaji kazi wa kampuni ya IPTL(CHINI YA PAP) kwakuihusisha na kampuni ya IPTL chini ya Mechmar na VIP ni kuionea PAP nakuikosea kampuni hii ya PAP/IPTL.

 

[MANKA MUSA]

Kumbe ESCROW akaunti ilifunguliwa kutokana na maombi ya TANESCO kuhusiana na mgogoro wa capacity charge, Kesi ya TANESCO iliisha 2001, na akaunti ya ESCROW ilifunguliwa kwa hukumu ya 2006, na VIP ndio waliomba kufunguliwa kwa ESCROW, hivyo kusema kwamba TANESCO na IPTL kuna kesi ni upotoshaji unaopaswa kukemewa, Na kesi iliokuwepo kwa sasa ni ya mgogoro wa umiliki kati PAP/IPTL na benki ya Standard Chartered ya Hongkong inayodai kununua deni la Kampuni ya Mechmar ya malaysia?sasa nadhani kitakuwa kimeeleweka kwa ufafanuzi huu,kazi kwenu sasa msioelewa.

IPTL imetokana na Muungano wa kampuni yaMechmar (Malaysia) Berhard (70%) na VIP(30%), na kampuni ya PAP/IPTL iliyoundwa baada ya kununuliwakampuni kwa kampuni hizo hapo juu,hivyokitendo cha kuzungumzia utendaji kazi wa kampuni ya IPTL(CHINI YA PAP) kwakuihusisha na kampuni ya IPTL chini ya Mechmar na VIP ni kuionea PAP nakuikosea kampuni hii ya PAP/IPTL.

 

[BAK]

Wewe mtoto wa kikopo sina uhusiano wowote na watoto wa vichochoroni. Baba yako humjui na mama yako alikutelekeza ukalelewa na wahuni wenzio na watoto wa vichochoroni ukifanya biashara ya kuuza unga ndio sababu unarubuniwa kirahisi kuwasaliti Watanzania wenzio na nchi yako kutokana na kuwa na akili ya kushikiwa ambayo haiwezi kutathmini athari ya upumbavu unaofanya wa kuwatetea mafisi na mapanya walioiba bilioni 200.

Rudi kwenye biashara yako ya kuuza unga kule ulikookotwa kwenye vichochoro vya Kariakoo na hao mafisadi mpumbavu mkubwa wee. Una ID zaidi ya1,000 unaandika na kujipa likes mwenyewe taahira wewe. Mama yako hakokusea kabisa alipoamua kukutelekeza sasa utafunzwa na dunia msaliti mkubwa wee. Mxciuuuuuuuu

wewe kichwa maji upo wapi njoo huku

 

[mfalmeselemani]

Wewe mtoto wa kikopo sina uhusiano wowote na watoto wa vichochoroni. Baba yako humjui na mama yako alikutelekeza ukalelewa na wahuni wenzio na watoto wa vichochoroni ukifanya biashara ya kuuza unga ndio sababu unarubuniwa kirahisi kuwasaliti Watanzania wenzio na nchi yako kutokana na kuwa na akili ya kushikiwa ambayo haiwezi kutathmini athari ya upumbavu unaofanya wa kuwatetea mafisi na mapanya walioiba bilioni 200.

Rudi kwenye biashara yako ya kuuza unga kule ulikookotwa kwenye vichochoro vya Kariakoo na hao mafisadi mpumbavu mkubwa wee. Una ID zaidi ya1,000 unaandika na kujipa likes mwenyewe taahira wewe. Mama yako hakokusea kabisa alipoamua kukutelekeza sasa utafunzwa na dunia msaliti mkubwa wee. Mxciuuuuuuuu

Umejuaje anayetelekezwa na mama yake?? Inaonekana wewe pia Msukule, Tabu ya mimba za guest house ndo hizi,huna cha kuongea ----- tu..Bichwa lako!

 

[BAK]

Haujitambui wewe ni kibaraka wa mafisadi ndio maana unarubuniwa kirahisi kwa ulafi wako wa pesa. Karudie kazi yako ya kuuza unga vichochoroni kwa wahuni wenzio mpumbavu mkubwa. Sina cha kuongea na kila mara unarudi hapa kuja kutaka kupotosha ukweli kuhusu wizi huu mkubwa. Baba humjui na mama kakukimbia sasa unarubuniwa kirahisi kwa tamaa zako zisizo kichwa wala miguu. Msaliti mkubwa wewe.

Umejuaje anayetelekezwa na mama yake?? Inaonekana wewe pia Msukule, Tabu ya mimba za guest house ndo hizi,huna cha kuongea ----- tu..Bichwa lako!

 

[pitapiti]

Haujitambui wewe ni kibaraka wa mafisadi ndio maana unarubuniwa kirahisi kwa ulafi wako wa pesa. Karudie kazi yako ya kuuza unga vichochoroni kwa wahuni wenzio mpumbavu mkubwa. Sina cha kuongea na kila mara unarudi hapa kuja kutaka kupotosha ukweli kuhusu wizi huu mkubwa. Baba humjui na mama kakukimbia sasa unarubuniwa kirahisi kwa tamaa zako zisizo kichwa wala miguu. Msaliti mkubwa wewe.

Wewe mbululu mbona mbona unarudia rudia upumbavu humu

 

[jfour]

Wewe mtoto wa kikopo sina uhusiano wowote na watoto wa vichochoroni. Baba yako humjui na mama yako alikutelekeza ukalelewa na wahuni wenzio na watoto wa vichochoroni ukifanya biashara ya kuuza unga ndio sababu unarubuniwa kirahisi kuwasaliti Watanzania wenzio na nchi yako kutokana na kuwa na akili ya kushikiwa ambayo haiwezi kutathmini athari ya upumbavu unaofanya wa kuwatetea mafisi na mapanya walioiba bilioni 200.

Rudi kwenye biashara yako ya kuuza unga kule ulikookotwa kwenye vichochoro vya Kariakoo na hao mafisadi mpumbavu mkubwa wee. Una ID zaidi ya1,000 unaandika na kujipa likes mwenyewe taahira wewe. Mama yako hakokusea kabisa alipoamua kukutelekeza sasa utafunzwa na dunia msaliti mkubwa wee. Mxciuuuuuuuu

kwi kwi kwi kwi!! umepanic mkuu

 

[mfalmeselemani]

Haujitambui wewe ni kibaraka wa mafisadi ndio maana unarubuniwa kirahisi kwa ulafi wako wa pesa. Karudie kazi yako ya kuuza unga vichochoroni kwa wahuni wenzio mpumbavu mkubwa. Sina cha kuongea na kila mara unarudi hapa kuja kutaka kupotosha ukweli kuhusu wizi huu mkubwa. Baba humjui na mama kakukimbia sasa unarubuniwa kirahisi kwa tamaa zako zisizo kichwa wala miguu. Msaliti mkubwa wewe.

Ulichofanikiwa kubaki nacho ni matusi tu, huna hoja ya kuzungumza!..Kumbuka hakuna TUSI JIPYA,tukana sana..Nashangaa kilaza kama huyu kwa nini Hawafungiwi?:angry:

 

[BAK]

Hujitambui wewe mtoto wa vichochoroni kamtafute kwanza mama yako aliyekutelekeza na uachane na huu upumbavu wako wa kuisaliti nchi rudi vichochobi karikaoo ukauze unga paka mweusi kibaraka na masaliti mkubwa.

Wewe mbululu mbona mbona unarudia rudia upumbavu humu

 

[pitapiti]

Wewe mtoto wa kikopo sina uhusiano wowote na watoto wa vichochoroni. Baba yako humjui na mama yako alikutelekeza ukalelewa na wahuni wenzio na watoto wa vichochoroni ukifanya biashara ya kuuza unga ndio sababu unarubuniwa kirahisi kuwasaliti Watanzania wenzio na nchi yako kutokana na kuwa na akili ya kushikiwa ambayo haiwezi kutathmini athari ya upumbavu unaofanya wa kuwatetea mafisi na mapanya walioiba bilioni 200.

Rudi kwenye biashara yako ya kuuza unga kule ulikookotwa kwenye vichochoro vya Kariakoo na hao mafisadi mpumbavu mkubwa wee. Una ID zaidi ya1,000 unaandika na kujipa likes mwenyewe taahira wewe. Mama yako hakokusea kabisa alipoamua kukutelekeza sasa utafunzwa na dunia msaliti mkubwa wee. Mxciuuuuuuuu

BAK umekwenda na maji wewe huna oja za mashika
BICHWA MAJI BICHWA TIKITI

 

[BAK]

Wamiliki wa JF wanajua rekodi yangu hapa. Msitegemee kurusha matusi halafu na nyie mkitukanwa mnaanza kulia lia mataahira wakubwa nyie. Mlikuja hapa mkijua mkirusha matusi watu wataukimbia uzi na nyie kuendelea kupost upumbavu wenu wa kutetea hao mafisadi wa wizi wa bilioni 200. Sasa mjue fika hakimbii mtu kwa matusi yenu nyie watoto wa vichochoroni. Mtalialia sana nyie mapaka shume. Mnataka kujadiliana bila matusi acheni matusi mkija na matusi mjue ni jicho kwa jicho.

Ulichofanikiwa kubaki nacho ni matusi tu, huna hoja ya kuzungumza!..Kumbuka hakuna TUSI JIPYA,tukana sana..Nashangaa kilaza kama huyu kwa nini Hawafungiwi?:angry:

 

[BAK]

Mnasikia nyie mataahira watetezi wa wezi wa bilioni 200. Jitihada zenu za kuchonga IDs chungu nzima kutwa kucha hazitasaidia kunyamazisha hili swala la wizi huu mkubwa.

Ukweli ni huu hapa na umetamkwa hadharani na Edward Hosea labda naye hao wezi wamkatie mgao mkubwa aamue kupotezea kesi hii kama walivyopotezea EPA, Richmond, Meremeta, Kagoda n.k.

• The government has frozen an account in a bank in The Netherlands that is linked with the $65 million (approximately Sh129 million) that was controversially taken from an escrow account at the Bank of Tanzania and paid to a private entity last year.
• The Citizen on Saturday established that billions of shillings were transferred from VIP's account to a bank in Holland. Tanzanian investigators managed to trace the account and worked with their counterparts overseas to freeze it pending further investigations.
• Besides discovering that huge sums of money had been transferred from the account to several others at the same bank, the investigators raised the red flag over the millions of dollars transferred from the bank to an overseas account.
• As the nation awaits the findings of the CAG and the PCCB, emerging reports have it that the investigations have established that some influential Tanzanians--including cabinet ministers, a permanent secretary and MPs--were paid substantial amounts of money from VIP's at Mkombozi.
  
• An impeccable source told The Citizen on Saturday that the PCCB has established that taking the money from BoT was "outright theft" facilitated by corruption. Top officials in the BoT, the Attorney General's Chambers and the energy ministry appear to have been implicated. "The CAG has concluded that the release of money from the escrow account was a grossly irregular move based on fraud," said the source.
• The CAG has recommended that all the officials be charged in court and the money taken from the escrow account returned.
  
• Dr Hosea is also ready to prosecute those who received the Rugemalila money from Mkombozi.
• It is now official Development partners (DPs) have not released even a single dollar out of the $558 million (Sh937 billion), that had been pledged to boost Tanzania's 2014/15 Budget.
• "Budget support development partners in Tanzania take the emerging IPTL case with the utmost seriousness and are carefully monitoring its development as the case involves large amounts of public funds," she said.
• According to Ms Antila, in March 2014, firm commitments for budget support in the financial year 2014/15, worth $558 million, were communicated to the government with the caveat that releases would be informed by developments in relation to the IPTL case.
• "Development partners are now awaiting the CAG report and information about its key findings, as well as a response from government, which will determine our decisions on further disbursements," said the envoy.

Ulichofanikiwa kubaki nacho ni matusi tu, huna hoja ya kuzungumza!..Kumbuka hakuna TUSI JIPYA,tukana sana..Nashangaa kilaza kama huyu kwa nini Hawafungiwi?:angry:

 

[pitapiti]

Wamiliki wa JF wanajua rekodi yangu hapa. Msitegemee kurusha matusi halafu na nyie mkitukanwa mnaanza kulia lia mataahira wakubwa nyie. Mlikuja hapa mkijua mkirusha matusi watu wataukimbia uzi na nyie kuendelea kupost upumbavu wenu wa kutetea hao mafisadi wa wizi wa bilioni 200. Sasa mjue fika hakambii mtu kwa matusi yenu nyie watito wa vichochoroni. Mtalialia sana nyie mapaka shume. Mnataka kujadiliana bila matusi achane matusi mkija na matusi mjue ni jicho kwa jicho.

tatizo la matusi ni lako na wewe ndo wakwnza kuanzishaga matusi humu
Ila sio kesi umesomeka tushindane kwa hoja
Lete hoja wewe sasa

 

[BAK]

Acha uongo wewe!!! Umejiunga hapa wiki mbili zilizopita unataka kuchafua rekodi yangu hapa ya miaka zaidi ya saba!!! uliza wamiliki wa JF au members wengine kama mimi nina hiyo tabia ya kurusha matusi.

tatizo la matusi ni lako na wewe ndo wakwnza kuanzishaga matusi humu
Ila sio kesi umesomeka tushindane kwa hoja
Lete hoja wewe sasa

 

[jfour]

Hujitambui wewe mtoto wa vichochoroni kamtafute kwanza mama yako aliyekutelekeza na uachane na huu upumbavu wako wa kuisaliti nchi rudi vichochobi karikaoo ukauze unga paka mweusi kibaraka na masaliti mkubwa.

kwi kwi kwi kwi kwi! umepanic mkuu

[h=3]PAP: IPTL takeover was a clean deal[/h]

​

Dar es Salaam. The executive chairman of Pan Africa Power Solutions Ltd (PAP), Mr Harbinder Singh Sethi, has finally come out this week to defend the way his company acquired Independent Power Tanzania Limited (IPTL).

Mr Sethi termed the deal ‘a clean transaction', denying any wrongdoing in the business acquisition on Tuesday. He claimed that his company followed all the legal and regulatory procedures to acquire IPTL.

"I followed all the procedures....I did not come to Tanzania to make money....I want to help Tanzania to get sufficient electricity that is vital for economic development," he told a section of journalists in Dar es Salaam from office premises of his company.

His response comes almost a week since The Citizen started to comprehensively report on how the deal involving IPTL and PAP was planned, funded and executed.

On Monday, The Citizen reported that the $122 million (Sh201 billion), which was in the escrow account held at the Bank of Tanzania (BoT), was transferred to PAP account between November 28 and December 8, last year.

Escrow account is a financial instrument held by a third party on behalf of the other two parties in a transaction. The funds are held by the escrow service until it receives the appropriate written or oral instructions or until obligations have been fulfilled.

However, Mr Sethi puts the amount that was/is in the escrow account at about Sh150 billion, noting, however, that there was nothing wrong with his company transferring the assets for IPTL -- including money -- to PAP since the latter is the legally-accredited holding company for IPTL. Before being acquired by PAP, IPTL was jointly owned by a Malaysian firm, Mechmar Corporation, and Tanzania's VIP Engineering and Marketing Company Limited, with the former controlling a 70 per cent stake.

The company, according to its secretary and chief counsel, Mr Joseph Makandege, operated peacefully for just about five years before the unending wrangles erupted between the two shareholders --prompting money to be sent to the escrow account held at the BoT.

"With squabbles between shareholders, VIP Engineering and Marketing Company Limited became suspicious that the money would be defrauded so the proprietor sought a court order -- demanding that money, paid by Tanesco [the Tanzania Electric Company Limited] to IPTL, should be deposited in the escrow account at the BoT," he explained.

In 2010, Mr Sethi brought all the documents -- which, however, were not handed to The Citizen for verification -- confirming that he has been duly chosen as the custodian for all of Mechmar assets in Tanzania.

The court cases notwithstanding, Mr Sethi went ahead to buy all the shares that Mechmar had earlier sold to Piperlink and transferred them to PAP. This, in essence, meant that Mr Sethi – through PAP - now owned 70 per cent of shares in IPTL, with VIP owning the remaining 30 per cent.





He later engaged VIP so he could buy the latter's 30 per cent stake. "VIP agreed and was paid $7.51 million as down payment for a deal totalling $75 million," explained Makandege, noting that the remainder was covered later. Having settled the deal, VIP went to court requesting the judge to drop all the cases involving VIP and Mechmar.
The court ruled -- on September 5, 2013 -- in favour of VIP and all the cases were dropped. PAP was thus granted the ownership of all of IPTL assets -- including money in the escrow account. PAP also agreed to pay all IPTL creditors. The duty of the provisional liquidator ended there.

The new company, according to Mr Makandege, then embarked on a duty of searching for wherever IPTL assets were. It arranged a meeting with Tanesco where they arrived at the right amount that the state-owned utility firm owed IPTL. "In fact, Tanesco board directed the management to inform key stakeholders that there were no more disputes between the state power company and IPTL – resulting in an official end of depositing IPTL money into the escrow account," he said.

The duty ahead of PAP remained that of making sure that money from the escrow account was transferred into the PAP account.

"With that, an agreement had to be signed between IPTL and the government through the ministry of Energy and Minerals....it should be noted that money in the escrow account belonged to two of IPTL shareholders.....it was neither taxpayers' money nor money for Standard Chartered Bank Hong Kong," said Mr Makandege.

The government also required PAP to sign an Indemnity Agreement to the effect that whenever a new creditor comes, then PAP would be responsible. The government then wrote to BoT demanding that the money be released to the rightful and legally-accredited owner.

"That was how the money was released," he explained.

On claims by Standard Chartered Bank Hong Kong, Mr Makandege said the financial entity was not legally recognised to be the project finance lender to IPTL. This, he said was because agreements that Mechmar and Standard Chartered Bank had gone outside Tanzania had not been domesticated. "So in short, Standard Chartered Bank is not one of the IPTL creditors that PAP legally inherited," he said.

He, however, noted that they were aware that IPTL had, in 1995, sought a $105 million loan from Standard Chartered Bank Hong Kong.

The company ended up getting $84 million out of the $105 million that was approved. After completing the construction of IPTL plant, the company started repaying the loan in 2000 and by 2005, it had repaid a total of $38 million. After 2005, IPTL was placed under the provisional liquidator and according to Tanzania's laws, a financial entity cannot charge interest on a company that is under liquidation.

Until 2007, IPTL had repaid another $20 million – bringing the total repaid amount to $58 million.

"This means that the total amount of Standard Chartered Bank Hong Kong's loan to IPTL now stands at $26 million....this is the money that we may pay if they prove to us that they are one of the IPTL creditors in Tanzania," he said.

On future plans for IPTL, Mr Sethi said he is determined to invest up to $1 billion and bring the company's production capacity up to 500MW in the next few years.
Running on Heavy Furnace Oil (HFO), he said, since late last year, the company produces up to 90MW of electricity – up from about 30MW, thanks to the investment he had made in equipment.

According to Mr Sethi, the company's capacity charges are the lowest compared to other independent producers that use HFO. This information, however, could not be independently verified by The Citizen

 

[pitapiti]

Mnasikia nyie mataahira watetezi wa wezi wa bilioni 200. Jitihada zenu za kuchonga IDs chungu nzima kutwa kucha hazitasaidia kunyamazisha hili swala la wizi huu mkubwa.

Ukweli ni huu hapa na umetamkwa hadharani na Edward Hosea labda naye hao wezi wamkatie mgao mkubwa aamue kupotezea kesi hii kama walivyopotezea EPA, Richmond, Meremeta, Kagoda n.k.

• The government has frozen an account in a bank in The Netherlands that is linked with the $65 million (approximately Sh129 million) that was controversially taken from an escrow account at the Bank of Tanzania and paid to a private entity last year.
• The Citizen on Saturday established that billions of shillings were transferred from VIP’s account to a bank in Holland. Tanzanian investigators managed to trace the account and worked with their counterparts overseas to freeze it pending further investigations.
• Besides discovering that huge sums of money had been transferred from the account to several others at the same bank, the investigators raised the red flag over the millions of dollars transferred from the bank to an overseas account.
• As the nation awaits the findings of the CAG and the PCCB, emerging reports have it that the investigations have established that some influential Tanzanians--including cabinet ministers, a permanent secretary and MPs--were paid substantial amounts of money from VIP’s at Mkombozi.
  
• An impeccable source told The Citizen on Saturday that the PCCB has established that taking the money from BoT was “outright theft” facilitated by corruption. Top officials in the BoT, the Attorney General’s Chambers and the energy ministry appear to have been implicated. “The CAG has concluded that the release of money from the escrow account was a grossly irregular move based on fraud,” said the source.
• The CAG has recommended that all the officials be charged in court and the money taken from the escrow account returned.
  
• Dr Hosea is also ready to prosecute those who received the Rugemalila money from Mkombozi.
• It is now official Development partners (DPs) have not released even a single dollar out of the $558 million (Sh937 billion), that had been pledged to boost Tanzania’s 2014/15 Budget.
• “Budget support development partners in Tanzania take the emerging IPTL case with the utmost seriousness and are carefully monitoring its development as the case involves large amounts of public funds,” she said.
• According to Ms Antila, in March 2014, firm commitments for budget support in the financial year 2014/15, worth $558 million, were communicated to the government with the caveat that releases would be informed by developments in relation to the IPTL case.
• “Development partners are now awaiting the CAG report and information about its key findings, as well as a response from government, which will determine our decisions on further disbursements,” said the envoy.

Toa ujinga wako
Now tupo kwenye issue nyinge wewe unatuletea mambo ya nyuma wewe jama vipi umerogwa nn

 

[pitapiti]

Wamiliki wa JF wanajua rekodi yangu hapa. Msitegemee kurusha matusi halafu na nyie mkitukanwa mnaanza kulia lia mataahira wakubwa nyie. Mlikuja hapa mkijua mkirusha matusi watu wataukimbia uzi na nyie kuendelea kupost upumbavu wenu wa kutetea hao mafisadi wa wizi wa bilioni 200. Sasa mjue fika hakambii mtu kwa matusi yenu nyie watito wa vichochoroni. Mtalialia sana nyie mapaka shume. Mnataka kujadiliana bila matusi achane matusi mkija na matusi mjue ni jicho kwa jicho.

Shame on u

 

[pitapiti]

Hujitambui wewe mtoto wa vichochoroni kamtafute kwanza mama yako aliyekutelekeza na uachane na huu upumbavu wako wa kuisaliti nchi rudi vichochobi karikaoo ukauze unga paka mweusi kibaraka na masaliti mkubwa.

Mama yangu si ndo wewe au ujijui

 

[BAK]

Usijipe mamlaka usiyokuwa nayo ya kuniamulia nini cha kupost hapa. Taahira mkubwa wewe unatoa kauli utadhani una miliki JF!!!! Dah! watu wengine kwa kujibaraguza bhanaaa!!!!

Toa ujinga wako
Now tupo kwenye issue nyinge wewe unatuletea mambo ya nyuma wewe jama vipi umerogwa nn

 

[BAK]

Asiyefunzwa na mamaye hufunzwa na ulimwengu, Ulimwengu sasa unakuchapa bakora unatumiwa kama ndom ili uwasaliti Watanzania wenzio na nchi yako. Mwenyewe hata huoni soni kwa unayoyafanya kwa ulafi mkubwa uliokuwa nao wa pesa. Baba humjui mama kakutelekeza ukalelewa vichochoroni uwezo wa kutafakari kwa kina SIFURI. Kamtafute mama yako labda atakusamehe na hiyo laana aliyokuachia ipungue.

Mama yangu si ndo wewe au ujijui