Pakistan loses another power litigation
The London Court of International Arbitration (LCIA) has issued a final partial award against Pakistan, directing the country to pay around Rs11 billion claimed by nine independent power producers (IPPs) – a second embarrassing outcome of international litigations against the country within a month’s time.
The tribunal will also start proceedings to determine the quantum of the damage claims for which a hearing is scheduled for October 1 and 2, according to the documents available with The Express Tribune. It is learnt that after the quantum stage, Pakistan will pay more money in damages claim
Published in The Express Tribune, 24th September, 2017