The arbitrator required the companies Zorlu and Edelcom to pay 100 million dollars plus interest from 2013, and they were also ordered to pay NIS 20 million in legal costs ● The arbitration award determined that the companies Edelcom and Zorlu conspired with the contractor who built the power plant to inflate the amount of the station’s construction contract, and forfeited the difference of 140 million dollar in their pocket ● Edelcom group in response: “We are considering an appeal. Edelcom is financially sound”
Nitzan Shafir Globes 6/28/23
Dramatic arbitration ruling in the dispute surrounding the Dorad power plant: the arbitrator, retired Judge Yitzhak Inbar, ordered the companies Zorlu and Edelcom and the businessman Ori Edelsberg to pay a huge sum of 100 million dollars plus interest from 2013, totaling about half a billion NIS. In addition, Zorlu and Edelcom were ordered to pay legal expenses in the amount of NIS 20 million.