(August 19, 2003) Electricity Generating Plc (Egco) might have to set aside loss provisions to cover investment risks in the US$1.2-billion Nam Theun 2 project given current uncertainties following the withdrawal of Electricite{AAC} de France (EDF) from the Laotian hydropower project.
Acres responds to appeal verdict in Lesotho trial
(August 18, 2003) Acres International expressed its disappointment that the Appeal Court of Lesotho upheld one of the two counts of bribery that were the subject of its recent appeal.
Court pours water on Canadian firm’s appeal
(August 17, 2003) Part of the court judgment read: "The fact of the conviction demonstrates to those who do business in developing countries that they do not have a licence to buy favour from governments by making corrupt payments to persons in authority."
Lesotho Appeal Court reduces Acres’ fine, still guilty of one count of bribery
(August 15, 2003) Lesotho’s Court of Appeal has reduced the R22-million fine imposed by the High Court of Lesotho on Canadian company Acres International, convicted of bribing the former head of one of Africa’s biggest water projects.
Canadian firm loses appeal against Lesotho bribery conviction
(August 15, 2003) Canadian engineering firm Acres International has lost its appeal against a bribery conviction in a major African water project.
Canadian engineering multinational loses appeal in Lesotho bribery conviction
(August 15, 2003) Acres International, an Oakville, Ont.-based engineering firm, lost its appeal today against a bribery conviction in a Lesotho court. Acres had been found guilty of paying an official to win contracts in one of Africa’s largest water supply projects, the Lesotho Highlands Water Project.
Appeal Judgment – Crown v. Acres International Ltd.
(August 15, 2003) The Lesotho Court of Appeal judgment in full, confirming the conviction of Acres International Limited on Count 1 and setting aside the conviction on Count 2.
British court denies request to halt Belize dam construction
(August 15, 2003) A London court denied a petition from environmental groups to halt construction on a
hydroelectric dam in a rain forest in Belize.
Iraq Revenue Watch
(August 14, 2003) Iraq Revenue Watch is a new monitoring project dedicated to promoting transparency in the management of Iraq’s oil revenues and to ensuring the benefits of national oil wealth flow to the people of Iraq.
Decision on Canadian firm’s appeal expected tomorrow
(August 14, 2003) A decision is expected tomorrow on an appeal launched by Canadian engineering company Acres International against its conviction and R22-million fine for corruption in relation to one of Africa’s largest water supply projects.
SARS and falun gong provide pretexts for Three Gorges arrests
China has used both the SARS health crisis and the crackdown on the falun gong spiritual movement as reasons to detain migrants who dare to complain about the Three Gorges resettlement operation.
PRESS RELEASE Acres’ landmark bribery conviction upheld
(August 15, 2003) Acres International, an Oakville, Ont.-based engineering firm, lost its appeal today against a bribery conviction in a Lesotho court. Acres had been found guilty of paying an official to win contracts in one of Africa’s largest water supply projects, the Lesotho Highlands Water Project.
UPDATE – AES pulls out of $580 million Uganda dam project
(August 13, 2003) Independent power producer AES Corp., has pulled out of a World Bank sponsored dam project in Uganda, raising questions about the future of the controversial plan.
Privy Council decision on request to halt Belize dam construction (PDF format)
(August 13, 2003) Britain’s Privy Council concludes that “the grant of an injunction at this stage would entail a greater risk of ultimate injustice than its refusal.”
The slippery slope: Confusion surrounds shape of the reservoir
A lively discussion on an official Chinese Web site has highlighted an issue with potentially huge implications for Three Gorges resettlement and public safety that appears to have confused even the experts.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
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