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Tanesco Can't Nix $148M Award To Standard Chartered

By Caroline Simson (August 24, 2018, 6:40 PM EDT) -- An arbitral award, in which an international tribunal reconsidered an initial decision sparing Tanzania Electric Supply Co. Ltd. from having to pay the Hong Kong arm of Standard Chartered Bank and instead ordered the power company to pay the bank $148.4 million owed under a power purchase agreement, has survived an annulment bid....

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