If FAR win WPL's ability to get anything done via the JV will evaporate.
All delays will be laid squarely at the feet of those that caused them...ie COP/WPL
The thing to remember here is the PSC is clear any arbitrated decision is binding and irrevocable.
The government then have the power under the PSC to remove any party who does not comply.
FAR win will see FAR's pe rights reinstated.
IMO the government will force the issue because at the end of the day they will need to be seen to do what their own dispute mechanism requires.
IF FAR come out and say they want to PE the sale then the asset will have to be offered to FAR on the same terms and conditions as WPL IMO.
The only reason they would need to go back to arbitration is if COP/WPL and FAR can not come to terms of a settlement.....
The point I'm making is it will depend on what FAR want.
A settlement to let WPL stay on or
PE the 35%.
FAR win means the sale was completed illegally, a breach of the JOA.
If FAR want the 35% they will have the right to purchase it......that is what arbitration is deciding.
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