Supreme Court Appoints Arbitrator for Statkraft Solar Dispute

Supreme Court appoints sole arbitrator for disputes arising from a failed 70 MW solar power project in Tamil Nadu.
Multiple petitioners, industrial captive users, sought arbitration after Statkraft Group companies abandoned the renewable energy project.
Disputes stem from breached Shareholders', Share Purchase, and Power Consumption Agreements dated 12.10.2022.
Arbitration will proceed in New Delhi, with the arbitrator deciding on separate or consolidated proceedings.