Press release ISA Group related to arbitration request filed before the ICSID against Chile - 12 April 2021
Country
Year
2021
Summary
Today, April 12, 2021, Interconexión Eléctrica S.A. E.S.P. and its affiliates ISA Inversiones Chile SpA and Interchile S.A. filed an arbitration request before the International Centre for Settlement of Investment Disputes (ICSID) on the occasion of a legal dispute arisen between the Group and the State of Chile due to the execution of the project called "Cardones - Maitencillo 2 x 500 kV New Line, Maitencillo - Pan de Azúcar 2 x 500 kV New Line, and Pan de Azúcar - Polpaico 2 x 500 kV New Line," pursuant to the provisions of the Free Trade Agreement signed by Chile and Colombia on November 27, 2006.
The aforementioned 500 kV project, which covers a total length of 753 km, was put into operation by Interchile S.A. on May 30, 2019.