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Centre may have to pay Dabhol damages

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Subhomoy Bhattacharjee New Delhi
Last Updated : Jan 28 2013 | 2:19 AM IST
 This is because the OPIC has a clause in its agreement with the Indian government on the DPC. The clause allows the OPIC to claim damages if there is a case of national expropriation.

 Senior government sources said the decision by an independent arbitration tribunal in the US asking the OPIC to pay claims of $ 28.57 million each to Bechtel Power Corporation and GE as political risk cover for the two companies

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First Published: Sep 11 2003 | 12:00 AM IST

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