Out of court deal on the table for Patrind hydropower project

The dispute between Star Power and NTDC regarding the 147 MW Patrind hydropower project is likely to be settled by an out of court deal between the two parties.

According to sources the Attorney General Office held a meeting with Hae Dong Choi, Chief Executive Officer (CEO) of the Company and persuaded him to halt all arbitral proceedings against the Federation until December 31, 2021.

In this regard the subcommittee during a recent meeting unanimously approved that all stakeholders strongly endorse out-of-court settlement of the dispute. A meeting comprising of the sub-committee and senior officials and case officers from Nepra would now be convened to ascertain their policy view and reach a consensus regarding the way forward for this case.

To come to an agreeable resolution to the case, members of the sub-committee would hold regular meetings on a high priority basis, both internally and with representatives of the company to chalk out an amicable way forward.