Thursday, January 23, 2020

EcoEnergy threatens court action over sugar project after ‘unlawful’ expropriation

The Swedish company Bagamoyo EcoEnergy (BEE) is threatening the Tanzanian government with court action if it does not receive compensation following the revocation of title to land where the firm intended to establish sugar production.

Executive Chairman of BEE Per Carstedt, formerly CEO of the Swedish biofuel company SEKAB, launched the Bagamoyo project a decade ago. He tells Development Today that the owners have spent more than USD 53 million on the project over the past ten years.

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