IC Power Ltd and Kenon Holdings Ltd v Republic of Peru - ICSID Case No. ARB/19/19 - Kenon Announces Receipt of approximately $93 million in connection with Payment of Arbitration Award by the Republic of Peru - Press Release - 19 August 2026
Country
Year
2026
Summary
Kenon Holdings Ltd. announces that the Republic of Peru has paid the award rendered in the arbitration proceedings before an International Centre for Settlement of Investment Disputes tribunal (the "Tribunal"), which award was issued in favor of Kenon by the Tribunal in October 2023 (the "Award"). The total payment was approximately $203 million, of which Kenon's share (after allocation of a portion of the proceeds to a capital provider and payment of certain expenses) is approximately $93 million, subject to tax. The payment reflects final payment of amounts payable by the Republic of Peru in connection with the Award and conclusion of this matter.
OGEL:
- IC Power Ltd and Kenon Holdings Ltd v Republic of Peru - ICSID Case No. ARB/19/19 - Award - 3 October 2023
- IC Power Ltd and Kenon Holdings Ltd v Republic of Peru - ICSID Case No. ARB/19/19 - Laudo - 3 October 2023
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