Cox Wins $235 Million Favorable Award for Accra Desalter in Ghana · Global Voices

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The final economic and accounting impact on the company will depend on factors such as the actual recovery of the amounts, the financial structure of the project, the rights of third parties and the applicable accounting treatment.

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The company wins two arbitration proceedings arising out of the project of the desalination plant in Accra and the state guarantee that supported the contract of sale of water signed with the Ghanaian public company. Read

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Cox Infrastructure Group has reported this Monday that its subsidiary Befesa Desalination Developments Ghana Limited (BDDG), which is 95% owned by the company, has received two favourable final arbitral awards against Ghana Water Company Limited (GWCL) and the Republic of Ghana for the project of the desalination plant in Accra. Specifically, the [...] The entry Cox achieves a favourable award of 235 million dollars for the desalination plant Ac…