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The High Court in Blantyre has frozen a bank guarantee for independent power producing company, Aggreko, pending conclusion of prospective civil proceedings between the company and Electricity Supply Corporation of Malawi (Escom). A bank guarantee is a security for payment entitling Aggreko to cash it in case of non-payment of power provided to Escom. The …
The post Escom tussles with Aggreko appeared first on The Times Group Malawi.
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