Staff Reporter
NAMCOR Trading and Distribution (Pty) Ltd, the subsidiary company of the National Petroleum Corporation of Namibia (Namcor), the state oil company, has dragged a private construction company to court, seeking repayment of N$3 million after it failed to construct a service station despite receiving payment.
Namcor, represented by lawyer Kommer Greunen, in its particulars of claim listed the company, Sagarias Solar Energy (Pty) Ltd, and its managing director, Joseph Shlhepo Sagarias, as respondents in the matter.
It is alleged that Namcor signed the agreement on 17 August 2021 and made an upfront payment.
“In terms of the agreement, the plaintiff (Namcor) and the first defendant (Sagarias Solar Energy (Pty) Ltd) agreed to co-invest in the construction and development of a service station (the project) to be known as JS Sagarias Solar Energy, situated at Erf 3160, Orwetoveni Extension 7, Otjiwarongo,” Greunen said.
He added that Namcor, on 19 October 2021, paid a sum of N$2.8 million into the bank account of Sagarias Solar Energy (Pty) Ltd as an upfront payment to contribute towards the construction cost of the service station.
Greunen said that Sagarias and his company, however, breached the terms of the agreement and have not commenced with any construction or development as per the terms of the agreement.
“The plaintiff exercised its right to terminate the agreement between the parties on 15 May 2024 and thereby demanded that the defendants pay over the sum of N$3 million not later than 14 days from the date of the letter of demand,” Namcor’s lawyer said.
Picture for illustrative purposes only. Photo: Contributed
