Sembcorp's India unit files lawsuit to halt Siemens Gamesa's Indian business sale amid arbitration dispute over a wind power project contract default.

Sembcorp's India unit filed a lawsuit in Bengaluru court to halt Siemens Gamesa from selling its Indian business before settling an arbitration dispute over an alleged contract default. Sembcorp's subsidiary, Green Infra Wind Energy Limited (GIWEL), contracted Siemens Gamesa for a 300-megawatt wind power project, but Siemens Gamesa allegedly defaulted, leading GIWEL to terminate the contract and file a claim for Rs 816 crore. Siemens Gamesa counterclaimed for Rs 1957 crore.

June 26, 2024
3 Articles