• The structure of "inter RAO" has demanded from the authorities of Georgia of $ 120 million

  • The sum of the two claims of the Dutch structures "inter RAO" — Silk Road Holdings B. V. Gardabani Holdings B. V., which owns assets in Georgia to the Georgian authorities for compensation for lost income, impairment losses amounted to gel more than 120 million dollars. This was reported by a member of the Board of "inter RAO UES" Ilnar mirsiyapov, reports TASS.

    The company has filed international arbitration claims with the aim of compensation for lost income, impairment losses of gel.

    Ilnar mirsiyapov said that the volume of claims will be updated and can grow to $ 150 million. according to him, both suits are taken into consideration.

    Companies Silk Road Holdings B. V. Gardabani Holdings B. V. belong in Georgia a 75 percent stake in power grid company "Telasi" 100% Khrami HPP-1 and Khrami HPP-2. About the investment dispute concerning compensation for lost income, impairment losses of gel they had notified the authorities of Georgia in April of this year.

    Dutch companies are protected investors under the agreement on stimulation and mutual protection of investments between the Netherlands and Georgia. According to the companies, Georgia is in breach of international Treaty and agreements of purchase and sale providing for the increase of tariffs for services of companies in the depreciation of the lari against the dollar (Khrami HPP-2 possible revision of tariff in case of depreciation of the lari against the yen). However, according to "inter RAO", the Georgian authorities did not implement these guarantees.


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