PID

PR No. 281 CLARIFICATION Power Division Version on London Court of Intentional Arbitration Award Islamabad: 31st October 2017

Spokesman of the Power Division while clarifying the news regarding award of London Court of International Arbitration in the case between NTDC and some IPPs, said that the expert determination on which basis the Award is announced, is still under litigation in the High Court in Pakistan besides a separate litigation in the Civil Court.

He further said that NTDC took the plea that the expert determination is under litigation and suspended by the appropriate court, therefore, the award should not be based on it. He said that NTDC has already challenged the Partial Final Award issued in June 2017 and this award is in continuation of the same and NTDC has the legal right to challenge this award.

Keeping in view the above facts, the spokesman said Government is thoroughly examining the Award and will exhaust all available options to defend the case.

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