World Bulletin / News Desk
A Turkish power ship held in Pakistan by the Pakistani government for 25 months was released on Wednesday.
It had been under Islamabad's control since July 2012 due to a disagreement.
Turkey’s Karadeniz Holding sent 4 power-generating vessels to Pakistan in 2011 with a total capacity of 232 megawatts, which would meet 20 percent of the power needs of the county's largest city, Karachi. Following differences over the contract between the company and the Pakistani government, they were held by the government.
The company announced Wednesday that its 216-megawatt ship “Kaya Bey” has been released as the International Center for the Settlement of Investment Disputes, an arbitration court replied the company's lawsuit against Pakistani government in its favor.
In January 2013, the company had filed a lawsuit against the government. The court is still processing the file about the three ships remained under hostage in Pakistan.Güncelleme Tarihi: 07 Ağustos 2014, 09:25