AES considers fighting $148 mln Kazakhstan fine
ALMATY, May 14 (Reuters) - U.S. power producer AES (AES.N: Quote, Profile, Research, Stock Buzz) could turn to an international arbitration court to challenge a $148 million fine slapped on it by a Kazakh court for suspected antitrust violations, the company said on Wednesday.
A court in Kazakhstan's commercial hub Almaty last month fined one of AES subsidiaries, Nurenergoservice, after a lawsuit filed by antitrust authorities.
"AES disagrees with the claims and the court ruling," AES spokesman Olzhas Bibanov told Reuters.
"We have an option of turning to an international arbitration and we think we might use it."
AES owns several large power plants and power distribution companies in energy-hungry Kazakhstan, Central Asia's largest economy and major oil producer. (Reporting by Tatiana Seroshtanova; Writing by Olzhas Auyezov; Editing by Jason Neely)
© Thomson Reuters 2008 All rights reserved
Ads by Career Builder
Account Executive - IT Consulting, Energy Utilities Practice
Details: ...Application Outsourcing Sales Director Industry focus: Energy, Utilities, Natural Resources, Chemical, Oil & Gas Job Summary...services. May include developing/sending promotional material, authoring articles, presenting in business forums...
Utilities Analyst
Details: ...major trends in the utilities industry as well as the development...industry report for the utilities sector especially...
Consulting: Opportunity for Renewable Energy Experts
Details: ...assessing industry trends and...steam, solid & material handling, utilities, or plant process operations, or...profession or industry by contributing your...highly relevant industry insight. Our...steam, solid & material handling, utilities, plant process operations...
Public Works Manager / Engineer
Details: ...overtime/lost time), effective use of tools, equipment, and materials, scope (including the documentation of changes to support...




