A Paris-based independent arbitration panel has ordered a final binding award of more than $125 million against the Maharashtra government and the state electricity board to compensate Bechtel for its investment in the defunct Dabhol power project. | |
| The panel, under the auspices of icc International Court of Arbitration, has said Maharashtra and two affiliate agencies expropriated a Bechtel affiliate's interest in Dabhol Power Company and ruled that Bechtel should be compensated for its original investment and for interest and associated costs. |
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