Recently, some media released information that "Shanghai Electric was defrauded by India by 8.8 billion yuan and claimed 2.1 billion yuan", which seriously distorted the facts.
In 2008, Shanghai Electric, as the main equipment and service supplier of the Shasheng Power Station Project in India, signed the Equipment Supply and Service Contract with a contract value of $1.311 billion. The power station project has been put into commercial operation in 2015, and the power plant is in good condition. Shanghai Electric has collected nearly 90% of the project, and has filed an arbitration for the final payment that has not yet been received, which has won the case and entered the execution stage. In 2022, the court in Mumbai, India, rejected a lawsuit filed by Reliance (reported as "Reliance Company") against Shanghai Electric for about 2.1 billion yuan.
After communication, most media platforms understood and quickly deleted the false reports. For the infringement of continuing to fabricate facts and disseminate false reports, Shanghai Electric will actively safeguard its rights in accordance with relevant laws and regulations, seriously investigate the legal responsibilities of relevant subjects, and fully safeguard its legitimate rights and interests. Adhering to the concept of open collaboration, win-win cooperation and legal compliance,
Shanghai Electric has undertaken and implemented more than 100 overseas power engineering projects, and is committed to providing green solutions for global customers.
Shanghai Electric Group Company Limited
June 28
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