ENERGY Development Corp. (EDC) on Tuesday said its subsidiary has reached an agreement with contractor Weir Engineering Services, Ltd. to end the arbitration proceedings over rehabilitation works for its Bacon-Manito (BacMan) geothermal power plant in Bicol region. In a disclosure to the stock exchange, EDC said Bac-Man Geothermal, Inc. (BGI) and Weir have agreed to jointly…
Tag: arbitration
RP moves to dismiss SPEX-initiated arbitration case
The Philippine government has moved to dismiss the the arbitration case sought by Shell Philippines Exploration B.V. (SPEX) over a P53.14-billion tax deficiency from the Malampaya deep water gas-to-power project. Read more here.
Winnergy Holdings Corp. 