Sunrise Power to Review ICC Arbitration Decision on Mambilla Project

Mambilla power project site. File photo Kindly share this story: The promoter of Sunrise Power and Transmission Company Limited, Leno Adesanya, has said the legal battle over the long-delayed Mambilla hydroelectric power project is not over despite the recent arbitration decision involving the Federal Government. Adesanya, in a statement on Friday, said the company’s legal team was reviewing the decision of the International Arbitration Tribunal under the auspices of the International Chamber of Commerce in Paris, France, with a view to determining the next legal steps. He said Sunrise would consider all lawful options available to it after its lawyers had completed their assessment of the tribunal’s award. “The battle is not over. Our lawyers are currently reviewing the arbitration decision and will advise us on the appropriate next steps,” Adesanya said. He said the company respected the arbitration process and the tribunal’s decision but needed to carefully examine the findings and reasoning contained in the award. “We respect the arbitration process and the decision of the tribunal, but we are carefully studying the award, including its findings, reasoning and the implications for the parties,” he said. Adesanya said it would be premature for the company to make extensive comments on the decision until its legal team had concluded its review. Mambilla power: Nigeria wins $3.38bn battle, 1,500MW project gets lifeline PID award would have crippled Nigeria’s economy – Fagbemi PID case award would have crippled Nigeria’s economy — Fagbemi “Until our legal team has completed its review, it would be premature to comment extensively on the decision or the issues arising from it,” he said. He reaffirmed Sunrise’s commitment to protecting its interests in the Mambilla project and the agreements underlying the dispute. “Sunrise remains committed to protecting its rights and interests in relation to the Mambilla Hydroelectric Power Project. We will consider all lawful options available to us based on the advice of our lawyers,” Adesanya said. He also expressed hope that the longstanding dispute could eventually be resolved in a manner that would protect the interests of all parties and facilitate the development of the project. “We also remain hopeful that the long-running issues surrounding the project can ultimately be resolved in a manner that protects the interests of all parties and supports the realisation of the enormous potential of the Mambilla project for Nigeria’s power sector,” he said. Adesanya added that the company would make further comments after receiving advice from its legal team. “We will make further comments when our legal team has concluded its review and advised us on the appropriate course of action,” he said. Onozure Dania Onozure is a correspondent of The PUNCH on the judiciary beat. She has over a decade experience covering criminal and civil matters from the magistrate to the appellate courts. She’s a graduate of Political Science Kindly share this story: All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. Contact: [emailprotected] Stay informed and ahead of the curve! Follow The Punch Newspaper on WhatsApp for real-time updates, breaking news, and exclusive content. Don't miss a headline – join now! Stay in the know—fast. Get instant alerts, breaking headlines, and exclusive stories with the Punch News App . Download now and never miss a beat.