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A 4 September ruling by the Commercial Court in London granted the Nigerian government leave to appeal an arbitration award to British Virgin Islands-listed Process & Industrial Developments Ltd (P&ID) now worth around $10bn. The award relates to P&ID’s claim that the government’s failure to meet its obligations caused its gas-processing project to fail. High Court judge Ross Cranston’s decision is an important milestone in the case, allowing the government to proceed to a full trial examining allegations of corruption in the contract award and during the arbitration hearing.
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Enabling power project development in Africa
First held at RSA House in 2014, AIX: Power & Renewables has become one of the meeting places of choice for Africa’s power sector stakeholders, including leading private and public sector investors, African officials and project developers.
Produced by African Energy, the meeting is held under the Chatham House Rule and structured around interactive panel-led sessions to encourage an open debate.
More than 45 panellists have so far confirmed
There is a 10% discount on tickets that ends on 28 October.