... We would like to clarify that ANDRITZ, through its Indian subsidiary ANDRITZ HYDRO Pvt. Ltd., is engaged solely as a subcontractor for the supply of electromechanical and hydromechanical equipment in Upper Trishuli-1 hydropower project and was not involved in the project development phase....

... our contractual involvement began in June 2021, significantly after the project's financial close and after the completion of the FPIC and related social assessment processes...

... the project had already received approvals and positive assessments from leading international financial institutions. Based on the information available to us, there were no indications of unresolved issues...

..Given that ANDRITZ joined the project nearly a decade after the initial project structuring and long after the FPIC processes were concluded, we had neither influence over nor involvement in the formulation or execution of these processes...