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. Last Updated: 07/27/2016

Suit Over Kazakh Fees




BRUSSELS, Belgium -- Belgian utility holding company Tractebel said it has filed a complaint with the International Arbitrage Court seeking to enforce rate hikes under its electricity and heating contracts in Kazakhstan.


"We have launched a procedure in the International Arbitrage Court in Stockholm to try and obtain [a ruling] that the contractual agreements for tariff increases for our electricity and heat agreements in Almaty would be honored by Kazakh authorities," Tractebel spokesman Jacques Van Hee said Wednesday.