- A Turkish company planning to moor water power plants at three South African ports has denied fraud but has been involved in corruption scandals abroad.
- Lebanon could be fined $ 25 million for allegations of fees paid to people associated with politicians.
- In Pakistan, the company faced convincing accusations that it paid a bribe to close a deal worth more than $ 500 million.
Turkey’s Karadeniz Group faces an overseas controversy that casts doubt on the outcome of South Africa’s emergency electricity bid, with Karpowership SA, a subsidiary of Karadeniz, nominated as a priority bidder.
AmaBhungane and others have already questioned the government’s handling of bids. Below are two nasty international examples from Lebanon and Pakistan. In these examples, a Turkish company is involved and a bribe claim is filed.
The allegations are neither new nor confidential, but did not affect the outcome if considered part of due diligence against bidders.
- In Lebanon, Karadenis has been accused of paying fees to companies associated with politically connected businessmen. Lebanese financial prosecutors have seized two Lebanese vessels operating in the country as a guarantee of a $ 25 million fine.
- In Pakistan, a Karadenis subsidiary has been accused of paying more than $ 5 million to politically connected intermediaries to conclude a five-year contract worth $ 565 million. The deal was canceled by the State Supreme Court in 2012, launching a seven-year epic court battle and an ongoing corruption investigation.
In March of this year, Karpowership SA, a consortium led by the Turkish group, was announced as a priority bidder, allocating the largest share of the 2000 MW Risk Mitigation Independent Electricity Procurement Program bid.
If the project is financially close and clears the remaining regulatory hurdles, Karpowership will moor electricity and gas storage vessels at three South African ports (Saldanha, Coega and Richards Bay). The combined output is 1220 MW.
Bids have been controversial and there are claims that they have been distorted to agree. Gas fuel option Generally and Especially Karpowership..The DNG power of a rival company whose bid was disqualified Claim in court documents The process was “corrupted and procedurally unfair.”
The Mineral Resources and Energy Department and Karpowership, which controlled the bid, defended the DNG proceedings and claimed to have read the book.
Lebanon: “commissions” and perhaps a $ 25 million fine
The Turkish group has also been a hot topic in Lebanon as the controversy over local bidding for Karpowership SA has fought in recent weeks.
Like South Africa, Lebanon suffers from a prolonged power shortage. It is also in the midst of a catastrophic financial crisis.
In 2012, Karadeniz’s subsidiary Karpowership signed a contract with the state utility Electricite du Liban (EDL) to deploy two powerships totaling 404 MW. Approximately 20-25% of Lebanon’s electricity…
Go to the news source: Powership companies then track corruption claims