The Company is laying the foundations for an evolved strategic direction including a new focus on renewable energy, whilst maintaining its long-term concentration on revenue generation from energy production activities.
As a management team, our focus is directed to building a balanced portfolio which creates long-term shareholder value, learning from our disappointing experience in jurisdictions such as Tunisia, to ensure that the Company has a safe, long-term future of growth.
Andrea Cattaneo, Chief Executive Officer
The Company’s strategic focus is the acquisition of proven revenue generating energy production activities, specifically solar energy production assets, as well as other critical resources with long-term strategic value.
The Company is engaged in international arbitration proceedings against the Republic of Tunisia following numerous contractual breaches and arbitrary impediments committed by the Tunisian Authorities to the material detriment of Zenith Energy, specifically its fully owned subsidiaries, for a total claimed amount of approximately US$640 million.