BACMAN Geothermal Inc. (BGI), a wholly owned subsidiary of the Lopez-led Energy Development Corp. (EDC), said Tuesday that it has settled its disputes with foreign contractor Weir Engineering Services Ltd. (Weir).
In a disclosure to the Philippine Stock Exchange (PSE), BGI has agreed to return $1.89 million to Weir; and both parties have agreed to jointly take steps to cause the discontinuance of the arbitration.
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