SKELEC has successfully defended an arbitration proceeding brought in the International Court of Arbitration of the International Chamber of Commerce (ICC) by Pure Energy Solutions (SKN) Limited (Pure Energy).

International Chamber of Commerce (ICC) is a business organization representing enterprises from all sectors in over 130 countries. Pure Energy, who initiated the arbitration, was seeking US$2.66 million in damages against SKELEC (St Kitts Electricity Company Limited) for alleged breaches of a fuel supply agreement dated December 17th 2021.

SKELEC terminated the fuel supply agreement on advice of the Attorney General’s Chambers in September 2022, after its Board of Directors was satisfied that Pure Energy did not demonstrate an ability to supply fuel in the quantity or at the price that the fuel supply agreement provided.

A press release from the Federal Government said “SKELEC was represented by the Attorney General’s Chambers and Pure Energy by WeirFoulds LLP, a Toronto-based law firm.” The sole Arbitrator selected pursuant to the ICC Rules, in the final and binding award, decided that SKELEC did not breach the fuel supply agreement as alleged and rejected all of Pure Energy’s claims. The Arbitrator also ordered Pure Energy to reimburse SKELEC for its arbitration costs in defending the proceeding.