Thursday, December 27, 2012
Darco Water: initiates legal action to terminate a $79m build and operate a wastewater treatment plant in Taiwan after it said the Taoyuan County govt breached terms of contract. Co is seeking compensation and damages. Contract was expected to rake in ~$298m revenue over a 35 yr concessionary period. Co highlights the county was late in handing over a piece of land suitable for the plant construction, and >80% of the land and up to a depth of 8m of it was polluted by illegal dumping.