The Federal Electricity Commission (CFE) will have to pay $260 million to a consortium of companies affected during the Chicoasén II project.
MEXICO (Reforma) – After losing a lawsuit before the London Court of International Arbitration for terminating a contract due to issues that were unrelated to the companies
The Mexican companies Caabsa, Omega, and Dycusa, as well as the Chinese company Sinohydro, won in January 2015 the project to build a hydroelectric plant in Chiapas. However, the work was blocked by ejido groups and unions of the local CTM.
The plant, which would have the capacity to generate 240 megawatts, was to be built under the Financed Public Works (OPF) scheme, for 323 million dollars, but only made 23 percent progress due to 23 interruptions during the execution of the work.
The last blockade on the work was lifted on June 21, 2017, following intervention by the state government, and on Aug. 18 of that year, the contractor filed an arbitration claim for causes attributable to the CFE, which was then in charge of Jaime Hernández.
In March 2018, the CFE terminated the contract, attributing the contractor’s non-compliance.
The CFE, now headed by Manuel Bartlett, announced its intention to challenge the London Court of International Arbitration’s decision before a national jurisdiction since the ruling was based on the obligation to free the construction site, which was not the responsibility of the state-owned company.
more recommended stories
Businesses in Downtown Mérida say the relocation of bus stops is good for business
Mérida, Yucatán, (September 25, 2021).- Shops.
Switzerland and Merida strengthen ties with projects to promote tourism
Mérida, Yucatán, (September 25, 2021) .-.
The expansion and modernization project of the Progreso High Port continues to advance
Progreso, Yucatán, (September 25, 2021).- The.
8 Yucatecan chefs are invited to the Gastro Destino México program
In the second season of this.
Businesses optimistic in reactivating jobs and the economy of Campeche
Campeche, (September 24, 2021).- With the.
Mexico annual inflation accelerates above expectations during September
Mexico’s annual inflation rose during the.
Biden’s honeymoon with Europe is over
BARCELONA — When President Biden stood.
World thyroid cancer day; incidence increased and mortality decreased
It is the most common tumor.
Mérida urban area cannot continue to expand, it is not viable or profitable (Canadevi)
Merida, Yucatan, (September 24, 2021).- Given.
Hotels in the Riviera Maya are recovering thanks to international flights reopening
The yellow traffic light also benefits.