+
Assam Solar Project Halted as Waaree EPC Contract Is Cancelled
POWER & RENEWABLE ENERGY

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.
The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequently, the Assam Power Distribution Company Limited (APDCL) resolved that continuing the solar project was no longer feasible, leading to the termination of all related work assigned to involved parties.
The contract had been secured by Waaree RTL as part of a consortium of three firms. In an earlier intimation dated 11 March 2025, the company stated it had received cancellation of the Letter of Award for the turnkey EPC works of a 125 MWAC (181.3 MWp DC) solar power project, which included operation and maintenance responsibilities.
Such cancellations are not unusual in the EPC and renewable energy sectors. Frequently, issues regarding project feasibility or other unforeseen circumstances on the issuer’s side result in contract terminations. Recently, wind energy manufacturers have also faced order cancellations following project suspensions, while solar module producers have reported annulled agreements that disrupted production and planning cycles. 

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequently, the Assam Power Distribution Company Limited (APDCL) resolved that continuing the solar project was no longer feasible, leading to the termination of all related work assigned to involved parties.The contract had been secured by Waaree RTL as part of a consortium of three firms. In an earlier intimation dated 11 March 2025, the company stated it had received cancellation of the Letter of Award for the turnkey EPC works of a 125 MWAC (181.3 MWp DC) solar power project, which included operation and maintenance responsibilities.Such cancellations are not unusual in the EPC and renewable energy sectors. Frequently, issues regarding project feasibility or other unforeseen circumstances on the issuer’s side result in contract terminations. Recently, wind energy manufacturers have also faced order cancellations following project suspensions, while solar module producers have reported annulled agreements that disrupted production and planning cycles. 

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?