Subject of the case
Operative part
Subject of the case
Re:
APPLICATION under an arbitration clause seeking an order that Irish Electricity Generating Co. Ltd repay the sum of EUR 180 664.70 corresponding to part of the advances paid to it by the Commission under contract No WE/178/97/IE/GB, together with late-payment interest.
Operative part
Operative part
The Court:
1. Orders Irish Electricity Generating Co. Ltd to repay to the European Commission the sum of EUR 180 664.70, together with late-payment interest:
– at the rate of 5.56% per annum from 25 August 2003 to the date of the present judgment;
– at the annual rate applied under Irish law, that is to say, currently section 26 of the Debtors (Ireland) Act, 1840, as amended, up to a rate of 5.56% per annum from the date of the present judgment until full clearance of the debt;
2. Orders Irish Electricity Generating Co. Ltd to pay the costs.