Compensation for damages caused by the destruction of Kakhovka HPP: Ukrhydroenergo announces tender for legal services worth over UAH 365 million
Kyiv • UNN
Ukrhydroenergo has announced the procurement of legal services for international arbitration regarding Kakhovka HPP. The expected value is UAH 365 million, and the term of services is until the end of 2031.
Ukrhydroenergo has announced the procurement of services to provide legal representation in international arbitration to compensate for losses caused by the destruction of the Kakhovka hydroelectric power plant, which was blown up by Russian occupation forces in June last year. The expected cost of the procurement is UAH 365,436,605 excluding VAT, UNN reports.
Details
Following the explosion of the Kakhovka hydroelectric dam, considered the largest man-made disaster since World War II, Ukrhydroenergo initiated arbitration proceedings against the Russian Federation.
In March 2024, an official notification was sent to the government and other officials of Russia to resolve the dispute in accordance with the Agreement between the governments of Ukraine and Russia on Mutual Protection of Investments.
Відновлення ДніпроГЕС займе щонайменше 3 роки - "Укргідроенерго"July 16 2024, 10:02 AM • 36283 views
As it is evident from the practice of resolving similar disputes, the consideration of this case will last for many years and that is why the company expects to get a reliable and professional partner with whom it will confidently go through this difficult but very important process, which, among other things, is necessary to bring to justice those responsible for this disaster.
"Ukrhydroenergo invites leading national and international law firms to participate in the tender. Preference is given to firms with experience in successful representation in investment and international commercial arbitrations. We invite all interested law firms to review the terms and conditions of the tender and submit their proposals. If you have any additional questions, they can be sent via the Prozorro system no later than 10 days before the deadline for submitting bids," the statement said.
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As stated in the tender documentation, this includes a range of services from expert evaluation to legal support. The term of delivery of goods, performance of works or rendering of services is December 31, 2031.
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