Sterling and Wilson Renewable Energy: Arbitration Suspended Until March 2027

Sterling and Wilson Renewable Energy Ltd, along with its Chilean branch and Shapoorji Pallonji and Company Private Limited (Contractor), has agreed to suspend arbitration proceedings with TSGF SPA (Client) until March 31, 2027. This suspension follows a joint application and an order from the Arbitral Tribunal under the International Chamber of Commerce (ICC), Chile. A conditional settlement agreement has been executed with the same long stop date. During this period, arbitration costs and fees will not accrue. The company states there is no impact on its financial position until the settlement agreement is implemented.