RInfra wins Rs 292 cr arbitration award against Goa govt

0
160

Reliance Infrastructure Ltd (RInfra) today said it has won an arbitration award of Rs 292 crore against the Goa government for non-payment of electricity dues.

It said the need for arbitration arose due to prolonged non-payment of dues by the state government towards supply of electricity by RInfra from its 48 MW Goa Power Plant in Sancoale.

“RInfra has won an arbitration award of Rs 292 crore against Government of Goa. The Arbitration Tribunal, in its award on February 16, 2018, has ordered Government of Goa to pay Rs 292 crore to Reliance Infrastructure Limited by April 15, 2018,” the company said in a statement.

LEAVE A REPLY