Waaree Renewable Technologies Ltd receives cancellation of LoA for 125 MWAC project

Waaree Renewable Technologies Limited has received cancellation of Letter of Award for Engineering, Procurement and Construction (EPC) works of solar power project of 125 MWAC (181.3 MWp DC) capacity on turnkey basis along with Operation and Maintenance which was awarded to consortium of three members comprises WAAREERTL as one of the member.

The Government of Assam to withdraw the project from funding through ADB Loan. In light of this decision, APDCL has resolved that it is no longer feasible to pursue the said solar project and hence all the work allotted to the parties for implementation of Solar Project stands terminated.

Source : Equity Bulls

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WaareeRenewableTechnologies Cancellation LoA EPCWork SolarPowerProject WAAREERTL