{"id":451996,"date":"2021-11-26T11:04:37","date_gmt":"2021-11-26T05:34:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451996"},"modified":"2021-11-26T11:54:33","modified_gmt":"2021-11-26T06:24:33","slug":"kalpataru-power-set-to-approach-new-york-court-against-rwanda-to-enforce-a-32-million-arbitration-award","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kalpataru-power-set-to-approach-new-york-court-against-rwanda-to-enforce-a-32-million-arbitration-award\/","title":{"rendered":"Kalpataru Power set to approach New York court against Rwanda to enforce a $32 million arbitration award"},"content":{"rendered":"<p>Kalpataru Power Transmission Ltd. (KPTL) is set to approach a New York court to seek enforcement of an arbitration award of over $32 million (about Rs 240 crore) against Rwanda Energy Group (REG) in a matter related to a dispute over a contract, sources said.<\/p>\n<p>BSE-listed KPTL, a power transmission and distribution company, had entered into a contract with REG in November 2013 to install and commission a 220 KV power transmission network connecting Democratic Republic of Congo and Rwanda in Central Africa. A dispute arose when REG refused to pay KPTL for price adjustment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kalpataru Power Transmission Ltd. (KPTL) is set to approach a New York court to seek enforcement of an arbitration award of over $32 million (about Rs 240 crore) against Rwanda Energy Group (REG) in a matter related to a dispute over a contract, sources said. BSE-listed KPTL, a power transmission and distribution company, had entered into a contract with REG in November 2013 to install and commission a 220 KV power transmission network connecting Democratic Republic of Congo and Rwanda in Central Africa. A dispute arose when REG refused to pay KPTL for price adjustment.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-451996","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=451996"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451996\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}