Solarworld Energy Solutions: DAB Awards ₹13.77 Cr for 100 MW, ₹26.50 Cr for 260 MW Projects
Solarworld Energy Solutions received favorable awards from the Dispute Adjudication Board for its 100 MW and 260 MW solar projects. The company was awarded ₹13.77 crore for the 100 MW project and ₹26.50 crore for the 260 MW project, including retention money release. These awards were received on September 18, 2026.
The outcome of the dispute resolution proceedings is financially significant for the company, with awards totaling over ₹40 crore. This directly impacts the company's financial claims and potential cash flows.
The company received favorable awards from the Dispute Adjudication Board for two of its major solar projects, resulting in a significant financial uplift through awarded values and retention money release.
Solarworld Energy Solutions Limited (formerly known as Solarworld Energy Solutions Private Limited) has announced the outcome of two related contractual dispute resolution proceedings concerning its 100 MW and 260 MW Solar Photovoltaic Power Projects in Gujarat.
The company, acting as the EPC Contractor, had invoked the Dispute Adjudication Board (DAB) mechanism under its EPC contracts with SJVN Green Energy Limited (SGEL) for claims arising from these projects.
The DAB has passed separate Final Reasoned Determinations & Awards for both projects. For the 100 MW GUVNL Phase XIII project, the total awarded value is ₹13,76,99,597, which includes ₹5,78,98,417 in liquid cash outlay and ₹7,98,01,180 for retention release.
For the 260 MW GUVNL Phase XIV project, the total awarded value stands at ₹26,49,75,043, comprising ₹2,08,59,223 in liquid cash outlay and ₹24,41,15,820 for retention release. The company received the physical copy of these awards on September 18, 2026, at 3:24 p.m. IST.
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