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8 months ago
BRIEF-Alterra power's unit HS Orka hf gets positive results from arbitration regarding validity of power purchase agreement with Norurál Helguvík ehf
December 1, 2016 / 2:40 PM / 8 months ago

BRIEF-Alterra power's unit HS Orka hf gets positive results from arbitration regarding validity of power purchase agreement with Norurál Helguvík ehf

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Dec 1 (Reuters) - Alterra Power Corp :

* Alterra Power-co's unit HS Orka hf got positive results from arbitration regarding validity of power purchase agreement with Norurál Helguvík ehf

* Alterra Power Corp - arbitration panel determined that power purchase agreement has lapsed due to certain circumstances, and therefore is at an end

* Alterra Power Corp - panel determined that ending of contract was not due to any fault on part of HS Orka

* Alterra Power Corp - panel determined that all counterclaims advanced by norurál in arbitration have been denied Source text for Eikon: Further company coverage:

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