EDC settles Bacman arbitration against Weir

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.┬áIn a disclosure to the stock exchange, EDC said Bac-Man Geothermal, Inc. (BGI) and Weir have agreed to jointly…

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.