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Enel wins saga over joint venture with El Salvador

Thursday, July 7, 2011


A verdict by the International Chamber of Commerce will be a severe test for public-private partnerships involving the government of El Salvador.

The state-owned electricity company, Cel, has had to accept that its Italian partner, Enel, will have a majority stake in their geothermal joint venture LaGeo.

The chamber’s decision concludes a decade-long dispute between Cel and Enel over who controls LaGeo.

Original source (in Spanish): Elsalvador.com