Investors in Karaha Bodas Company (KBC) criticised a ruling released this week by an Indonesian court, declaring it illegitimate. Caithness Energy said the decision by the Central District Court of Jakarta, which annulled an international arbitral award granted to KBC as a result of a failed joint venture with Pertamina, Indonesia’s state oil and gas…
INDONESIA: Investors in failed power project criticise court decision supporting Pertamina
Posted on August 29, 2002 by EnergyAsia