Keppel Infrastructure Trust (KIT)’s Basslink, has received the outcome of its arbitration involving itself, the State of Tasmania and Hydro Tasmania.

According to the company’s statement released via SGX, the arbitrator awarded damages of A$38.5 million ($38.0 million) against Basslink.

He also declared that Basslink’s claim of A$31 million in unpaid fees was not recoverable as a force majeure event had not occurred.

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