Arbitration body raises amount awarded to Enagas to $302 million in process against Peru

MADRID, May 26 (Reuters) - Spanish gas grid operator Enagas ENAG.MC said on Monday the World Bank's International Centre for Settlement of Investment Disputes (ICSID) raised the amount the company is entitled to be paid in an arbitration process over a pipeline it built in the country.

ICSID ordered Peru to pay the company $302 million, up from $194 million it awarded in its original ruling in December, the company said in a filing to the stock market regulator.

Enagas had originally requested a $505 million compensation from the Peruvian government and reported a capital loss of 246 million euros ($281 million) in the fourth quarter last year on the amount it was entitled to by the first ruling.

($1 = 0.8763 euros)