HOME - CLAIMS, DISPUTES AND ARBITRATIONS - Miel I Hydroelectric Project

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Miel I Hydroelectric Project

During development of the project, more than 500 claims submitted by various international contractors form Brasil, Norway, Italy and Mexico, who took part in the construction of the project were analyzed and evaluated. Additionally, advisement and support was provided to the owner during both the Court of Arbitration proceedings, constituted under the Independent Arbitration Regulations, and the International Chamber of Commerce. The above claims included topics such as delays, fast-tracking, suspension and/or upsets to the works, reduced efficiency, inadequate designs and adjustment formulas. The total amount of the claims was over US $140 million. The first Court rejected all of the Contractor’s pretensions and ruled payment on his part of Court proceedings costs.

Client:

ISAGEN S.A.

Location:

Norcasia, Caldas (Colombia)

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