Deals19 Jul 2025, 06:44 pm
Waaree Renewable Technologies Ltd Receives Termination of LOA for 125 MWAC Solar Power Project
AI Summary
Waaree Renewable Technologies Ltd has received a termination of Letter of Award (LOA) for a 125 MWAC (181.3 MWp DC) solar power project. The project was awarded to a consortium of three members, including Waaree Renewable Technologies Limited. The termination was received on July 19, 2025, at 03.30 p.m. (IST) due to the Government of Assam's decision to withdraw funding through ADB. As a result, the Assam Power Distribution Company Limited (APDCL) has resolved that it is no longer feasible to pursue the said solar project, leading to the termination of all work allotted to the parties for its implementation.
Key Highlights
- Waaree Renewable Technologies Ltd received a termination of LOA for a 125 MWAC (181.3 MWp DC) solar power project.
- The project was awarded to a consortium of three members, including Waaree Renewable Technologies Limited.
- The termination was received on July 19, 2025, at 03.30 p.m. (IST) due to the Government of Assam's decision to withdraw funding through ADB.
- Assam Power Distribution Company Limited (APDCL) has resolved that it is no longer feasible to pursue the said solar project.
- All work allotted to the parties for the implementation of the solar project has been terminated.