Ed Patricoff | Source | Partner at Shutts & Bowen
Ed Patricoff
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Investing in African Energy—Weighing Risks and Rewards
Foreign energy companies are investing in Africa as that continent builds out its power generation infrastructure. But there are risks to those investments, as some governments—Angola, Tanzania, and Libya
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[LS Energia was] generating electricity at two power stations, and the invoices being generated [for the services] were being partly paid or ignored. LS Energia had to shut off the power. They just couldn’t afford to carry the receivable, and it didn’t make good business sense to continue to do so.
