Court rules on multibillion solar power plant case
Post By Diaspoint | April 27, 2024
The Commercial Division of the Kampala High Court has ruled on a long-running multi-million-dollar case between Great Lakes Energy Company-NV and its local partners regarding the construction of the Kabulasoke solar energy project in Gomba district.
Justice Stephen Mubiru, in his ruling on April 18, recognized as binding and enforceable the final award made by the London Court of International Arbitration that the local partners of the company Great Lakes Energy had breached the project agreements by failing to pay the debt that corresponded to them.
“Following an order granting leave to enforce an arbitration award in the same manner as a judgment or order of this court, relief of the nature sought by the defendant may only be obtained in accordance with the post-judgment procedures provided for.” in the relevant provisions of the Civil Procedure Act and the Rules of Civil Procedure,” Justice Mubiru ruled.
Adding: “Preventing the award debtor from dissipating its assets where there is a real risk that it will do so, or from moving assets to frustrate attempts to satisfy the final award, can only be achieved in that context. There is currently no appeal of that nature before the court that justifies such intervention. Therefore, the request for such relief is premature.”
Great Lakes Energy’s local partners are named in court documents as MSS Xsabo Power Ltd, Bryan Xsabo Strategy Consultants (Uganda) Limited, Mola Solar Systems (Uganda) Limited and Consicara Global Investors Limited.
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