Kalpataru Power wins $32 mn arbitration award against Rwanda Energy

24 Sep 2021 CW Team

Kalpataru Power Transmission has obtained an arbitration award of over $32 million against the Rwanda Energy Group.

The dispute was over an agreement to establish and commission a 220 kV power transmission network interconnecting the Rwanda and Democratic Republic of the Congo in Central Africa.

The Indian power transmission and distribution company had entered into a deal for the engineering, design, supply, development, establishment and commissioning of the network in November 2013. Development started in October 2014, and the operational certificate was released in May 2017.

It was a multipurpose project under joint development by Rwanda and the Democratic Republic of Congo, financed by the African Development Fund along with Kreditanstalt für Wiederaufbau.

In February 2016, Kalpataru raised a claim of around $24 million against Rwanda Energy for a cost adjustment, as per the terms of the agreement. But, Rwanda Energy notified the Mumbai-based firm to raise the claim after the project completion.

Soon after the project got completed, when Kalpataru raised the claim in March 2017, it was challenged by Rwanda Energy.

According to the clauses in the contract, the issue was referred to the Disputes Adjudication Board. In December 2019, the board ordered in favour of Kalpataru and said that it was entitled to a cost adjustment claim of $24 million-plus Rwandan franc of 35 million, along with interest of $3.6 million and Rwandan franc of 5.3 million.

Rwanda Energy disputed the ruling by starting the arbitration process. After hearing both the parties, a three-member arbitration tribunal confirmed the ruling of the board in support of Kalpataru. On August 28, the tribunal ordered Rwanda Energy to pay over $32.25 million, covering price adjustment claim and legal cost, within a month from the passing of the award.

Image Source

Also read: BHEL successfully implements UHVDC link in western, southern grid

Kalpataru Power Transmission has obtained an arbitration award of over $32 million against the Rwanda Energy Group. The dispute was over an agreement to establish and commission a 220 kV power transmission network interconnecting the Rwanda and Democratic Republic of the Congo in Central Africa. The Indian power transmission and distribution company had entered into a deal for the engineering, design, supply, development, establishment and commissioning of the network in November 2013. Development started in October 2014, and the operational certificate was released in May 2017. It was a multipurpose project under joint development by Rwanda and the Democratic Republic of Congo, financed by the African Development Fund along with Kreditanstalt für Wiederaufbau. In February 2016, Kalpataru raised a claim of around $24 million against Rwanda Energy for a cost adjustment, as per the terms of the agreement. But, Rwanda Energy notified the Mumbai-based firm to raise the claim after the project completion. Soon after the project got completed, when Kalpataru raised the claim in March 2017, it was challenged by Rwanda Energy. According to the clauses in the contract, the issue was referred to the Disputes Adjudication Board. In December 2019, the board ordered in favour of Kalpataru and said that it was entitled to a cost adjustment claim of $24 million-plus Rwandan franc of 35 million, along with interest of $3.6 million and Rwandan franc of 5.3 million. Rwanda Energy disputed the ruling by starting the arbitration process. After hearing both the parties, a three-member arbitration tribunal confirmed the ruling of the board in support of Kalpataru. On August 28, the tribunal ordered Rwanda Energy to pay over $32.25 million, covering price adjustment claim and legal cost, within a month from the passing of the award. Image SourceAlso read: BHEL successfully implements UHVDC link in western, southern grid

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..