The Assam government has withdrawn from its proposed solar project, leading to the suspension of the Engineering, Procurement, and Construction (EPC) contract previously awarded to Waaree Renewable. In a regulatory filing, Waaree Group’s EPC division informed the stock exchange of this development.
The project was halted due to funding constraints, making it unviable for the state to proceed. Waaree Renewable Technologies Limited (WRTL) clarified that the Government of Assam had withdrawn the Asian Development Bank (ADB) loan intended for the project. As a result, the Assam Power Distribution Company Limited (APDCL) deemed it unfeasible to continue and formally terminated all associated work assigned to the stakeholders.
Waaree RTL had secured the contract as part of a consortium of three firms. In a prior communication dated March 11, 2025, the company disclosed the cancellation of the Letter of Award for the turnkey EPC works of a 125 MWAC (181.3 MWp DC) solar power project, which also included operation and maintenance responsibilities.
“With reference to our earlier intimation dated March 11, 2025, we wish to inform you that the Company has received a cancellation of the Letter of Award for Engineering, Procurement, and Construction (EPC) works of a 125 MWAC (181.3 MWp DC) solar power project on a turnkey basis, along with Operation and Maintenance. This project was awarded to a consortium in which WAAREE RTL is a member,” the company said in its filing.
Cancellations of this nature are relatively common in the EPC and renewable energy sectors, often stemming from concerns over project viability or unforeseen challenges on the part of the issuing authority. Similar trends have been observed across the industry. Wind energy manufacturers have recently encountered order cancellations due to project suspensions, while solar module producers have faced annulled contracts, disrupting both production schedules and long-term planning.
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