The Korea Western Power Company (Kowepo), Korea’s state power utility, has begun arbitration proceedings against the Indian government for not honouring the fuel supply commitment for its 388 MW gas-based power plant in Maharashtra. The project is operated by Pioneer Gas Power Limited in which Kowepo has a 40 per cent stake. It has sought resolution of issues surrounding its project in six months or a compensation of $400 million for loss and damage. If the issues remain unresolved after six months, Kowepo will commence international arbitration proceedings under the India-Korea Bilateral Investment Treaty and the Comprehensive Economic Partnership Agreement between the two countries.