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.
Comments
more recommended stories
Yucatan to host Smart City Expo LATAM International Congress for a third consecutive yearIt was also informed that, for.
Who was Federico Mazzoni, the Argentine manager murdered in Playa del Carmen Mamitas club?The manager of Mamitas Beach Club,.
Riviera Maya maintains an average hotel occupancy of 66%The Riviera Maya comes from a.
Free workshops on productive activities for women in YucatánFree workshops will be offered for.
Tourism in Yucatan with good figures, despite “low season” and OmicronA wide array of different types.
UBER could be returning to Campeche soonIn Campeche, the possibility of the.
Mexico assumes the pro tempore Presidency of the Pacific AllianceRogelio Ramírez de la O, Secretary.
IMDUT removes “old and dangerous” public transport buses from circulationThe state agency reported that this.
‘Never condemn your LGBTQ children’ Pope Francis tells parents around the worldVATICAN CITY (VATICAN NEWS) — Pope.
UADY Faculty of Medicine offers tests to detect Covid-19The laboratory of the Faculty of.
Leave a Comment