NAMCOR seeks Enercon Namibia’s liquidation over N$114 million debt

The National Petroleum Corporation of Namibia (NAMCOR) has taken legal action against Enercon Namibia, seeking its liquidation over an unpaid debt totalling N$114,663,026.50 as of November 2023.  This debt arose from several agreements, including a Fuel Supply Agreement, a supplementary credit agreement, and a cession agreement involving Eco Fuel Investment CC. NAMCOR claims Enercon defaulted […]