Troubles escalate for Banpu | Bangkok Post: news

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Troubles escalate for Banpu

Coal producer may be liable for another $71m

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Banpu Plc, one of the region's largest coal producers, could face even greater legal troubles as lawyers for Siva Nganthavee have vowed to appeal against last week's Civil Court victory to seek even higher compensation. 

The Civil Court on Thursday ordered Banpu to pay over 31 billion baht in damages to Mr Siva for what was characterised as "deception" on the part of the listed company over a partnership to develop a coal mining and power project in Hongsa, Laos.

Theerapun Petchsuwan, a lawyer representing Mr Siva, said his client will file an appeal despite his victory, pressing for higher compensation.

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