Tag: arbitration

Hidroelectrica awarded 3.4 million euros in compensation from Andritz Hydro – Romania, 14 April 2021

According to the court ruling, the largest Romanian electricity producer Hidroelectrica has been awarded 3.4 million euros in compensation from Andritz Hydro. The compensation is related to large refurbishment contract for HPP Iron Gates I on the Danube river, but the awarded compensation represe Full article available for subscribers of Energy NEWS service (PDF publications, […]

Ascent Resources to launch arbitration procedure against Slovenia – Slovenia, 23 March 2021

UK-based Ascent Resources announced it will initiate arbitration proceedings against Slovenia over the dispute over permits for gas fracking at its Petisovci field in northwestern part of the country, after the state had failed to set forward a damages proposal. The company has estimated damage to b Full article available for subscribers of Energy NEWS […]

Slovenia to reject fracking dispute settlement with Ascent Resources – Slovenia, 18 March 2021

Slovenian media reported that, according to unofficial sources, the Government will not accept a settlement with UK-based Ascent Resources over the dispute related to gas fracking permits for its Petisovci field in northeastern Slovenia. The two sides entered negotiations last October, but the UK Full article available for subscribers of Energy NEWS service (PDF publications, […]