CONTROVERSIAL businessman Wicknell Chivayo owned-Intratrek says it is awaiting the finalisation of the financial closure phase of the 100 megawatt Gwanda solar project by the Zimbabwe Power Company (ZPC) to resume its work following a tumultuous court battle with the parent company.
The project stalled after ZPC approached the courts seeking to terminate the contract for the project over alleged contractual breaches by Intratrek.
Intratrek board chairman, lawyer Wilson Manase, in an interview with NewsDay this week, said the financial closure phase of the deal was now the only drawback for the project.
The matter spilled to the courts after Chivayo failed to honour the US$5 million solar project, but High Court judge Justice Tawanda Chitapi acquitted the controversial businessman, claiming the matter should be settled at the Civil Court.
The Supreme Court order came after Energy minister Fortune Chasi had written to Zesa Holdings executive chairman Sydney Gata directing the power utility to urgently work out an out-of-court settlement with Intratrek Zimbabwe to allow the project to proceed.