NTPC Ltd’s renewable energy division is considering cancelling two EPC contracts totaling nearly 500 MW awarded to Gensol Engineering due to significant project delays.

Additionally, a third project, initially planned for Gensol, may be re-bid, according to sources familiar with the matter. Gensol, despite having a large unexecuted order book, is currently under scrutiny for alleged discrepancies in loans taken for electric vehicle purchases. These issues have impacted its solar EPC operations and raised concerns about project execution capabilities. The potential cancellations highlight NTPC’s push to ensure timely delivery of its renewable energy projects and reflect growing caution among public sector entities when awarding critical infrastructure work amid financial or operational irregularities.