20.2 C
City of Banjul
Saturday, December 4, 2021

NAWEC paid $4.7 million fees to GTG – finance director

- Advertisement -

 

By Baba Sillah

The finance director of Nawec, Amat Cham has confirmed that the total payment of $41, 789,568.01 was made as capacity fees to Global Trading Group from July 2006 to August 2011.
The finance director made this revelation as he reappeared before the Janneh Commission yesterday where he also presented the corporation’s audited financial statement from 2010 to 2015.

- Advertisement -

According to him, the said sum was the total amount they captured as of now based on the invoices they received from GTG in respect of the Independent Power Project contract.
He also told the inquiry that he could not submit the 2016 financial report but promised that the report will be ready before next week.

Baba Fatajo, the managing director of the corporation also faced the inquiry on matters relating to the contract between Nawec and GTG.
Mr Fatajo recalled that the Kotu expansion project was for a power-generating project, which consortium he said was awarded to GTG and STX and the value of the project was US$21 million.

- Advertisement -
Join The Conversation

Latest Stories

GAMBIA DECIDES TOMORROW

By Lamin Cham Close to a million Gambians are expected to vote in tomorrow's presidential election. This is the first presidential election since the departure of...