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Sunrise Power Transmission Company of Nigeria Ltd, SPTCL, a promoter of the 3,050 megawatts (MW) Mambilla hydroelectric power project, has filed a $400 million compensation claim against the Federal Government of Nigeria for failing a settlement term.
According to documents on the process, the company filed the lawsuit at the International Chamber of Commerce (ICC) International Court of Arbitration in Paris, France.
Sunrise said the government failed to honour a $200m compensation obligation since 2020 jointly agreed and should have been resolved in six months at most.
The company’s legal representative, Femi Falana, then filed a lawsuit at ICA on May 11, demanding $400m as overall claims including penalties.
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