AG responds to $235m Teshie desalination award, says tribunal rejected $402m claim
The Office of the Attorney-General has responded to the US$235 million arbitration award against Ghana Water Company Limited (GWCL) over the Teshie Desalination Plant, saying the tribunal rejected a separate US$402 million claim for alleged unpaid water charges.
The Office of the Attorney-General has commented on a $235 million arbitration award against Ghana Water Company Limited regarding the Teshie Desalination Plant. The tribunal dismissed a $402 million claim for alleged unpaid water charges, stating that it could not be recovered alongside the termination payments. The International Chamber of Commerce tribunal found Befesa Desalination Developments Ghana Ltd validly terminated its Water Purchase Agreement with Ghana Water and was entitled to contractual termination payments.
The $235 million award, net of taxes, included pre-award interest until March 31, 2026, with additional interest accruing from April 1. The tribunal ordered reimbursement of 58.4% of claimants' reasonable defense and representation costs. The Attorney-General also mentioned the government's ongoing negotiations to buy the plant, aiming to avoid the $235 million payout and ensure the facility's full operation.
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