LONDON: The London Court of International Arbitration (LCIA) has permanently restrained Pakistan from challenging its ruling pertaining payments to nine independent power producers (IPPs) in local courts of Pakistan, reported a local English newspaper.
“NTDC is to be restrained permanently from challenging the Partial Final Award in proceedings in Lahore, Pakistan or anywhere other than England or Wales,” says the judge, authored by LCIA judge Justice Phillips over the dispute between National Transmission and Dispatch Company (NTDC) and nine IPPs.
The IPPs have been generating and supplying the electricity to NTDC which is the exclusive purchaser of the electricity from the IPPs. It is owned and controlled by Government of Pakistan.
