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Kenon Holdings Ltd. announced that the Republic of Peru has paid an arbitration award rendered in October 2023 by the…
KENKenon Holdings Ltd.
Kenon Holdings Ltd. announced that the Republic of Peru has paid an arbitration award rendered in October 2023 by the International Centre for Settlement of Investment Disputes tribunal. The total payment was approximately $203 million, with Kenon receiving approximately $93 million after allocating funds to a capital provider and covering expenses. This amount is subject to tax and represents the final settlement of the dispute, which originally involved $110.7 million in damages plus fees and interest. The matter is now concluded.