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OPIC ready to invoke 'Sovereign Guarantee'

Vol 7, PW 14 (24 Sep 03) People & Policy
 

Dabhol contractors General Electric and Bechtel are making headlines with their $1.2bn claim against the Indian government (see: NOTE) but there's a much bigger and as yet unreported controversy brewing that will overshadow this completely:...

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  • Ownership of Dabhol will soon pass to Indian lenders (18 May 05)

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  • GE and Bechtel ready to sell Dabhol for $380m (14 Jan 04)

  • OPIC ready to invoke 'Sovereign Guarantee' (24 Sep 03)

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