Sunday, May 31

Sir Wicknell Intratrek Back At Gwanda Solar Energy Plant

Intratrek Zimbabwe has returned to the Gwanda solar power plant site after the High Court in June ordered ZESA subsidiary, the Zimbabwe Power Company (ZPC), to work with the renewable energy company to see the 100-megawatt project to fruition.

Intratrek, which is working with Chinese technical partner Chink Electrical, has in recent weeks constructed an access road, built an office block, cleared and fenced-off 260 hectares at the construction site. The Gwanda solar project has for long been seen as the poster-child of the country's failed investment in new power generation.

ZPC sought to cancel the US$172 million contract accusing Intratrek of breaching their agreement, but the energy firm owned by businessman Wicknell Chivayo, has won two High Court orders, the latest in June.

The government is anxious to have energy projects come onstream to bridge an energy shortfall of some 700 megawatts occasioned by low water levels at the main hydro power station at Kariba, and the unreliable coal-fired power plants.

Justice Tawanda Chitapi granted a specific performance order sought by Intratrek, ruling: "The public wants electricity for use at home and in industries. The public is not interested in bickering for self-interest and egos on the part of State actors and their contractors."

If ZPC wished to cancel the contract, the judge said, it had to pay Intratrek US$25 million dollars in damages.

"It has already been observed that the subject matter of the contract is of national importance. It is of public interest. The public wants electricity for use at home and in industries. The public is not interested in bickering for self-interest and egos on the part of State actors and their contractors," Justice Chitapi said. Intratrek has already received US$5.6 million of US$7.7 million for pre-commencement works.

ZPC has a pending appeal at the Supreme Court whose motive Justice Chitapi described as "improper."

"It is disgraceful that national projects are stalled by contracting parties having merry dances in boardrooms instead of project sites and seeing the project to fruition," the judge said.

Chivayo, who visited the Gwanda site this week, told ZimLive he was moving ahead to implement the project in four phases of 25 megawatts each.

"The power to be generated is not for use by Intratrek or ZPC alone, but for the whole nation," he said.

"The judgement of the High Court allowed execution pending appeal. Importantly, the judge said the parties must not merry-dance in boardrooms and courtrooms but must go and successfully implement the project for the benefit of Zimbabwe. That's what Intratrek is doing. Yes 

  • Share:

Info News

Debt Consolidation Loans: Are They Worth It?

Debt can become overwhelming when you are juggling multiple credit cards, personal loans, medical bills, and high-interest payments. A debt consolidation loan may help simplify your finances by combining several debts into one monthly payment.

rnrn

The main goal of debt consolidation is to get a lower interest rate, reduce payment stress, and create a clearer payoff plan. Instead of making several payments to different lenders, you make one payment to one lender.

rnrn

Debt consolidation may be worth it if you qualify for a lower interest rate than what you are currently paying. This is especially helpful for credit card debt, which often has high interest rates.

rnrn

However, debt consolidation is not magic. It does not erase your debt. It only restructures it. If you continue using credit cards after consolidating, you may end up with even more debt.

rnrn

Before applying, check the loan’s interest rate, fees, repayment term, monthly payment, and total cost. A lower monthly payment may sound good, but if the loan term is much longer, you may pay more interest over time.

rnrn

Your credit score affects your options. People with strong credit usually qualify for better rates. If your credit score is low, you may receive high-interest offers that do not actually save money.

rnrn

Debt consolidation can also help your credit if you make payments on time and reduce credit card balances. But missing payments can damage your credit further.

rnrn

Other options may include credit counseling, balance transfer cards, debt management plans, or budgeting changes.

rnrn

A debt consolidation loan is worth considering if it lowers your interest, creates a realistic payoff plan, and helps you stop relying on credit cards.

rnrn

The key is discipline. Consolidation works best when you combine it with better spending habits and a serious plan to become debt-free.

rn

Workers’ Compensation Lawyer: What Injured Employees Need to Know

A workplace injury can create financial stress quickly. Medical bills, missed work, physical pain, and uncertainty about job security can make the situation overwhelming. Workers’ compensation is designed to help employees who are injured on the job, but claims do not always go smoothly.

rnrn

Workers’ compensation may cover medical treatment, partial wage replacement, rehabilitation, and disability benefits, depending on the injury and state law. In many cases, employees do not have to prove the employer was negligent. However, they usually must show that the injury happened in the course of employment.

rnrn

The first step after a workplace injury is to report it as soon as possible. Many states have strict deadlines for notifying an employer. Waiting too long can make a claim more difficult.

rnrn

Medical documentation is also important. Injured workers should seek appropriate medical care and follow treatment instructions. Keep copies of medical records, work restrictions, prescriptions, and appointment notes.

rnrn

A workers’ compensation lawyer may be helpful if the claim is denied, benefits are delayed, the employer disputes that the injury happened at work, or the worker is pressured to return before they are medically ready. Legal help may also be useful if the injury causes permanent disability or requires long-term treatment.

rnrn

Some employees worry about retaliation. Employers generally cannot legally punish an employee for filing a valid workers’ compensation claim, but rules vary by state. If an employee believes they are being treated unfairly because of a claim, they should document what happened and speak with a qualified professional.

rnrn

Workers’ compensation settlements can be complicated. A settlement may close part or all of a claim, including future medical benefits. Before accepting any settlement, injured workers should understand what rights they may be giving up.

rnrn

Every state has different workers’ compensation laws, forms, deadlines, and benefit calculations. That is why general online information is not a substitute for legal advice.

rnrn

If you are injured at work, report the injury, get medical care, document everything, and ask questions early. A workers’ compensation lawyer can help explain the process and protect your interests if the claim becomes disputed.

rn