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Klage

17 Mai 2021

Synohydro arbitration case (re Coca Codo Sinclair hydroelectric project, Ecuador)

Status: ONGOING

Date lawsuit was filed
17 Mai 2021
Datumsgenauigkeit
Alle/s korrekt
Nicht zutreffend
Public entity
Ort der Einreichung: Ecuador
Ort des Vorfalls: Ecuador
Art des Rechtsstreits: Internationales Gremium

Unternehmen

Quellen

Snapshot: On 17 May 2021, Ecuador filed an arbitration claim against Sinohydro before the International Court of Arbitration of the International Chamber of Commerce. They argued that Sinohydro hid information about significant defects, specifically over 8,000 cracks in the turbine distributors of the Coca Codo Sinclair hydroelectric plant, since 2012. This concealment led to ongoing operational issues and financial losses, prompting Ecuador to seek arbitration for damages. It has been reported that the dam led to regressive erosion of the Coca river. The case is ongoing.