Sembcorp Green Infra wins 250-MW project in Indian wind tender
Sembcorp's renewable energy business Sembcorp Green Infra has been awarded a 250 MW project in India’s second nationwide wind power tender.
Sembcorp Green Infra Limited received the official letter of award for the project, following the close of the tender conducted by the Solar Energy Corporation of India (SECI) on behalf of the Government of India’s Ministry of New and Renewable Energy (MNRE). The project is expected to be developed in phases and targeted to be fully commissioned by the first half of 2019.
Upon the project’s completion, its entire power output will be sold to SECI under a 25-year long-term power purchase agreement. The project will be connected to India’s Central Transmission Utility and supply power to multiple states, helping them to meet their renewable energy requirement.
Sunil Gupta, Managing Director and CEO of Sembcorp Green Infra, stated:
“We are pleased to have secured back-to-back wins in both national wind power tenders held to date. This demonstrates Sembcorp’s strong renewable energy capabilities. Greater transparency and offtake creditworthiness gives established long term players like Sembcorp an advantage. Combined with declining equipment prices, this has allowed us to provide clean power at lower tariffs."
Vipul Tuli, CEO & Country Head of Sembcorp India, added,
“This new renewable energy project is in line with Sembcorp’s strategy to make our energy business in the country stronger and more sustainable. It also reinforces our commitment to India, and to playing a role in powering the country’s continued progress.”
This new project will expand Sembcorp’s presence in India’s power market. The company has over 4,000 megawatts of power capacity in operation and under development in the country, comprising both thermal and renewable energy assets.
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