Hyflux faces arbitration request over desalination plant in Algeria
Action initiated by Algerian Energy company, which has a 49% stake in the firm operating the plant
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Vivienne Tay
Singapore
TROUBLED water treatment company Hyflux said on Tuesday that it has received a request for arbitration from Algerian Energy Company (AEC) in relation to its seawater desalination plant in Algeria.
The request, filed with the International Chamber of Commerce's (ICC) International Court of Arbitration in Paris, concerns disputes surrounding several agreements related to the plant dating back to 2007, the company said in a bourse filing.
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