The African Development Bank (AfDB) has issued a Letter of Reprimand to Mitsubishi Heavy Industries (MHI) with an intent to apply some sanctions against the technology firm.
The Letter of Reprimand issued to MHI on February 2, 2021, according to the African Development Bank, is in view of sufficient evidence indicating that MHI engaged in sanctionable practices (misrepresentation) in the tender and contract implementation of the Abu Qir 1300 MW Steam Power Project in Egypt awarded in January 2008.
The Abu Qir 1300 MW Steam Power Project was partly financed by the African Development Bank and had the broad objective of improving the electricity supply in Egypt.
“The African Development Bank considers there is sufficient evidence to support a finding that it is more likely than not that MHI engaged in sanctionable practices (misrepresentation) in the context of Abu Qir tender and contract implementation.”
“In consideration of the above and in the absence of any aggravating factor, AfDB decided to issue a Letter of Reprimand against MHI in line with Section 11.2 (a) of the Sanctions Procedures of the African Development Bank Group,” read a press release by the AfDB on its issuance of the Letter of Reprimand to Mitsubishi Heavy Industries (MHI).
A Letter of Reprimand involves detailing the wrongful actions of an employee or service provider and the subsequent punishment that can be expected.
