NTDC fails to recover Rs714m from Iranian firm - Newspaper

The NTDC had terminated the contract with the Iranian firm due to persistent delays on the part of the Iranian contractor. The project was eventually completed by another contractor. — Dawn/File
LAHORE: The National Transmission and Dispatch Company (NTDC) has failed to recover Rs714 million from an Iranian firm despite the award announced by the Paris-based International Chamber of Commerce (ICC) in April last year,
Dawn learnt on Saturday.
“A severe lack of on-time decision making, politics, appointment of a permanent MD, resignation of competent officers and other administrative issues are the major reasons behind the long delay in resolving various matters including recovery of Rs714m claims the NTDC had made before the ICC in a case filed by the Iranian firm against the company,” an official source told

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