EDC Files Arbitration Case Vs. Siemens Unit (Manila Standard Today)
Bacman Geothermal Inc., a subsidiary of Energy Development Corp., said Friday it filed an arbitration case against the foreign contractor of the Bacon-Manito geothermal power plants in the Bicol region.
EDC said in a disclosure to the stock exchange it filed the arbitration case before the International Court of Arbitration of the International Chamber of Commerce against TurboCare Inc. and its parent company Siemens Inc. for alleged breaches of the contract.
EDC said it tapped TurboCare to conduct repair works on the geothermal power units in November 2010, but those units broke down this year. Bacman Geothermal said the contractor was tapped to undertake the rehabilitation of Bac-Man Units 1 and 2, the 55 MWe Ansaldo-type geothermal steam turbine generators, the Cawayan 20 MWe MHI-type geothermal steam turbine generator as well as the associated auxiliary equipment.
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