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Korea’s power utility, Korea Western Power Company (Kowepo) has initiated arbitration measures against India. Kowepo has cited "not honouring fuel supply commitment to its gas-based power plant in Maharashtra" as the reason in the arbitration notice. The Korean firm holds 40% stakes in Pioneer Gas Power Limited (PGPL) which runs a 388 Mw project in Raigad. Kowepo is seeking resolution of issues in 6 months or $400-million in compensation.
