Chilean electricity producer earns reprieve in hydroelectric project dispute

The dispute centres on a renewable energy project.

The dispute centres on a renewable energy project. (Credit:

A tribunal at the International Chamber of Commerce (ICC) has refused to order a Chilean subsidiary of AES to post bonds worth US$73 million pending an arbitration over a hydroelectric power plant. The tribunal has simultaneously overturned a decision by an emergency arbitrator that required the company to hand over certain documents.

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