Islamabad, June 27 (TIWN) Korean investors have filed a claim with the London Court of International Arbitration (LCIA) against the government of Pakistan, seeking $94 million in compensation.

The investors claimed that the National Transmission and Despatch Company (NTDC) failed to evacuate electricity from the 147-megawatt Patrind Hydropower project for at least six months after the project’s COD, as well as the cost of constructing a point from which the electricity was to be delivered to the national grid, Geo News quoted a top official of the power division as saying.  According to the official, the power division, under Federal Minister for Power Khurram Dastgir, smelt a rate and decided to fix the racket of unscrupulous officials of NTDC, CPPA, and power division who were responsible for not evacuating electricity from the project on time and raising no objection to a Korean company that set up a delivery point that NTDC did not want because it wanted to evacuate electricity from another point, Geo News reported.