World Bank questions Enron Lagos power deal
The office of the World Bank's resident representative in Nigeria said he was not prepared to comment on the report in the Thisday said a World Bank report criticised the deal on the grounds that it was reached without competitive bidding, that Enron could charge a high price for power, could not be penalised for poor performance, does not fully bear contract completion risks and would receive excessive contract termination payments
Existing Subscriber?
If you are an existing subscriber please sign in to read this article in full.
Sign InSign up for a free trial
Register for free access to IJGlobal and realise the value of our asset and transaction databases, our market leading news, league tables and much more.
Sign up for a free trial