HANOI (Bloomberg): Alexey Mordashov’s power-generation equipment maker won a claim against Vietnam Oil & Gas Group for a power plant that wasn’t completed in the South-East Asian nation, a spokesman for the businessman said in a message, adding the terms of the decision couldn’t be disclosed at the time. The billionaire’s Power Machines was awarded more than US$500 million, RBC news site reported earlier Monday, citing an unidentified source. The equipment maker took legal action against the state-owned giant known as PetroVietnam and its affiliate, PetroVietnam Technical Services Corp., in the Singapore International Arbitration Centre in 2019 to reclaim about US$600 million that the Russian company invested for the construction of a plant in southern Vietnam. Work on the project…
