The Norwegian anti-fraud unit has dismissed the case concerning allegations of corruption against Veidekke in Uganda. But now a fax, discovered during a raid last summer, suggests that a British lobbying firm offered inducements to Ugandan politicians on behalf of the Norwegian company. – The lobbying firm Amisa never got paid a penny from us, states Kristian Mathismoen, at the time executive of Veidekke in the Karuma-project, in an interview to NorWatch.
The American energy giant AES Corp, that is behind the Bujagali power plant in Uganda, is in an accelerating crisis. According to the Washington Post the companys stock value has gone down over 70 percent since the beginning of the year.
Should the Norwegian guarantee institute for export credits say no, the Norwegian companies are out of the Bujagali-project. This is confirmed by Ole Gran, financial advicer for the Norwegian exporter group that is involved in Uganda confirms this. Veidekke will loose a contract worth 1 billion NOK.
Norwegian and Swedish aid organizations are on a collition-course. While NORAD consider the much disputed Bujagali power plant in Uganda as promoting development, the Swedes have declined to support the project because it is too big for the Uganda economy. Now the Norwegian guarantee-institute for export credits, GIEK, is under pressure from the World Bank and corporations to support the project.
A consortium led by Veidekke ASA and consisting of Norwegian, Swedish, and Swiss companies, reported on November 20, 2000, that they had been granted the contract to build the Bujagali power plant on the Nile for America's AES. The power plant faces huge local resistance, and international hydropower experts question several aspects of the project, including the situation of the hundreds of people forced to move.
Despite strong growth in China's economy, several large power projects in the country are having trouble finding buyers for the power produced. Now, the stock exchange listing of the company behind the Three Gorges project has been postponed due to doubts about profitability. Those who have lined their own pockets with money from the development are now being served with harsh sentences.
The hydroelectric power project plans on the Kunene river on the border between Namibia and Angola is dragging out. Since the Norconsult consortium presented its Norad-financed project study before Christmas last year, the two countries have tried to reach agreement on the location. Namibian authorities have chosen the Epupa falls, while Angolan authorities prefer the Baynes alternative, which presupposes restoration of the Gove dam in the country. A development of the Baynes alternative will make it easier to finance such a restoration.