Posted by gái 2k9 thủ dâm on May 16, 2025 at 04:56:21:
In Reply to: базs для прогонов Xrumer и GSA, allsubmitter по разной ценовой категории. так же делаем прогоны хрумером и гса posted by https://ramblermails.com/ on May 14, 2024 at 08:18:34:
PowerChina unit claims $555 mln in unpaid dues
*
EdL has yet to respond to the filing
*
Case relates to Laos' Nam Ou hydropower project
March 5 (Reuters) - Nam Ou Power, a unit of state-owned Power Construction Corp
of China, has sued Laos utility Electricite du Laos in Singapore for $555 million in unpaid
dues from a hydropower project it operates, an arbitration filing reviewed by Reuters shows.
EdL has yet to respond to the filing, according to a source
familiar with the case, who also said that it was the first instance
of international arbitration by a Chinese state-run entity against a Laos government-run firm.
The person declined to be identified as the matter is not public.
Details of the case are being reported for the first time.
The unpaid dues claimed arise from electricity generated
from the $2.73 billion Nam Ou River Cascade Hydropower project, according to a filing with the Singapore International Arbitration Centre.
The Nam Ou project, one of Laos' largest that accounts for 7% of the country's 18 gigawatts of hydropower capacity, is a
part of China's Belt and Road Initiative to build
trade and transport links across Asia and beyond.
Western critics have said significant investments
by China in countries struggling to repay loans have helped it to gain a strategic
advantage, which China rejects.
PowerChina and EdL did not immediately respond to requests seeking comment.
Wong & Leow, a law firm representing Nam Ou Power, declined comment.
Operated by Nam Ou Power, part of PowerChina,
the hydroelectric project has a capacity of 1.27 gigawatts
from its seven cascades along 350 km (217 miles) of river in the landlocked, mountainous country of nearly eight million people.
China's foreign ministry, energy regulator and commerce ministries also did not respond to requests seeking comment.
INVESTING IN HYDROPOWER
Laos has spent heavily on hydroelectric schemes, many
financed by its northern neighbour China, with the aim of becoming "the battery of Southeast Asia" by exporting
electricity to neighbouring countries.
Those projects, along with a Chinese-built high-speed railway have caused high levels of debt.
In its filing last month with the Singapore International Arbitration Centre, PowerChina said EdL owed it $486.27
million in dues plus interest it estimates at $65.79 million. The claims are associated with monthly invoices made between January 2020
and December 2024.
The total is equivalent to about 4% of Laos' gross domestic
product. EdL ceded majority control of its transmission unit to state-owned China Southern Power Grid Co in 2020, as mounting debt, combined with
the impact of the COVID-19 pandemic strained public finances
and pushed Laos to the brink of a sovereign default.
Nam Ou, in the same filing, claimed damages of
$3.02 million for EdL predominantly paying its dues using
the Lao kip currency, while the agreement had stipulated that 85% of the payments be made with the U.S.
dollar.
Laos has struggled with hyperinflation and fast
depleting foreign exchange reserves since the pandemic, with the value
of the Lao kip plunging nearly three-fifths over the last five
years. (Reporting by Reuters staff; Editing by Sharon Singleton and Barbara Lewis)