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Guinea: Ecowas Court orders payout for K Energie
In the latest round in a long-running legal saga over a private power supplier contracted by Electricité de Guinée (EDG), the Abuja-based Ecowas Court of Justice has ordered the Guinean government to pay $47.5m in compensation to K Energie SA for violation of the company’s property rights in depriving it of the use of its assets. Delivering judgment on 9 July, the court also ordered the government to return all the assets of the company, including its offices and power production and distribution equipment.
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