Sembcorp Sues Siemens Gamesa Over Unsettled Arbitration
POWER & RENEWABLE ENERGY

Sembcorp Sues Siemens Gamesa Over Unsettled Arbitration

Sembcorp's Indian subsidiary has initiated legal action in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business until an arbitration concerning an alleged contract default is resolved. In its submission to the Principal City Civil and Sessions Judge in Bengaluru, Sembcorp requested an injunction to halt the sale of Siemens Gamesa's Indian assets, including its shareholding.

The court has issued notices to Siemens Gamesa, according to court documents.

Sembcorp's Indian unit has filed a lawsuit against both Siemens Gamesa and its parent company, Siemens Energy AG. Reports indicate that Siemens Energy AG has decided to sell its entire Indian manufacturing, maintenance, and services business in the renewables sector, effectively signalling a withdrawal from the Indian market.

Due to these significant developments, which raise concerns about the future operations of Siemens Gamesa as a viable entity, Sembcorp sought an injunction to stop the proposed sale. Last year, Sembcorp's Indian arm took Siemens Gamesa to arbitration over a dispute related to a wind power project.

Sembcorp's wholly-owned Indian subsidiary, Green Infra Wind Energy (GIWEL), had entered into a contract with Siemens Gamesa for the supply, erection, and commissioning of a 300-megawatt wind power project, which included 143 wind turbine generators and associated transmission facilities.

Sembcorp's Indian subsidiary has initiated legal action in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business until an arbitration concerning an alleged contract default is resolved. In its submission to the Principal City Civil and Sessions Judge in Bengaluru, Sembcorp requested an injunction to halt the sale of Siemens Gamesa's Indian assets, including its shareholding. The court has issued notices to Siemens Gamesa, according to court documents. Sembcorp's Indian unit has filed a lawsuit against both Siemens Gamesa and its parent company, Siemens Energy AG. Reports indicate that Siemens Energy AG has decided to sell its entire Indian manufacturing, maintenance, and services business in the renewables sector, effectively signalling a withdrawal from the Indian market. Due to these significant developments, which raise concerns about the future operations of Siemens Gamesa as a viable entity, Sembcorp sought an injunction to stop the proposed sale. Last year, Sembcorp's Indian arm took Siemens Gamesa to arbitration over a dispute related to a wind power project. Sembcorp's wholly-owned Indian subsidiary, Green Infra Wind Energy (GIWEL), had entered into a contract with Siemens Gamesa for the supply, erection, and commissioning of a 300-megawatt wind power project, which included 143 wind turbine generators and associated transmission facilities.

Next Story
Real Estate

We are executing data-centre projects in MMR region: Paradigm Realty

Certain areas of Mumbai showcase tremendous opportunity for redevelopment, as Parthh K Mehta, CMD, , explains. He speaks about his company’s plans for this region, adherence to quality, use of technology and its strategies and plans for data centres and further expansion going forward. Excerpts:According to a Knight Frank India report, there's been a noteworthy rise in property registrations in Central and South Mumbai and Bandra and Worli showcase the opportunity for redevelopment. Does the group have any plans for this region? We recognise that Mumbai as a city is continuall..

Next Story
Real Estate

Windows to world

India’s current crop of tall and super tall buildings has an advantage over predecessors: openable windows. Codal provisions and ensuing market developments are behind this change. “Until a decade or so ago, we lacked designs and products enabling openable windows for glass façades,” explains Rajan Govind, Director, Facade+Construction Tech Specialist, BES Consultants. “It is only more recently that the National Building Code 2016 has released detailed façade requirements, which make openable windows mandatory.”The National Building Code 2016 mandates 10 per cent openable..

Next Story
Real Estate

New Terminal Building – Kolhapur Airport

On 10 March 2024, Prime Minister Narendra Modi officially inaugurated the new terminal building at Kolhapur Airport. The terminal is part of a broader development initiative valued at about Rs 2.56 billion, which includes the construction of the terminal, runway extensions, new apron and parking bays. Designed by Gian P Mathur Architects & Planners (GPM), the terminal's architecture draws inspiration from Kolhapur’s heritage and has earned a four-star GRIHA rating.Design and featuresDiscussing the design brief, Anil Shinde, Kolhapur Airport Director, Airports Authority of India (AAI), sa..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000