He arbitration between the Canadian pipeline ATCO and the Federal Electricity Commission (CFE) of Mexico It was decided in favor of the former who received an award in favor of $85 million from a tribunal at the London Court of International Arbitration (LCIA).
The information is now known, but the resolution of this arbitration, initiated in 2018 due to the termination of the Ramal-Tula gas pipeline construction contract in 2014, took place at the end of 2021 according to information published by Reuters obtained. from sources close to the conflict (“EXCLUSIVE Mexican CFE ordered to pay $85 million to Canadian firm in arbitration caseยป, Dave Graham and Stefanie Sechenbacher, Reuters, 03.10.2022).
The amount owed, plus interest and costs for administering the proceedings, was $100 million.
ATCO in Mexico
In October 2014, the Canadian company ATCO Pipeline won the contract to build the gas pipeline in Tula, Mexico, for $50 million. The Ramal-Tula gas pipeline, a 17 kilometer structure, was the first obtained by the Canadian company and the investment amounted to more than 65 million dollars.
According to different sources, the pressure of different social groups due to the assignment of their properties due to the works pushed the CFE to terminate the contract.
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