Sembcorp Energy India Limited (SEIL), a wholly-owned subsidiary of Sembcorp Industries, has won a bid for a new 400 MW solar power project. Through its renewables subsidiary, Sembcorp Green Infra, SEIL won this bid in a closely contested auction conducted by the Solar Energy Corporation of India (SECI).
SEIL has received the letter of award (LoA) from SECI to develop the project in Rajasthan connected to the state’s transmission utility Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN). The project’s entire output will be sold to SECI under a 25-year long-term power purchase agreement.
Sembcorp recently completed the commissioning of 800MW of wind projects awarded from three earlier SECI bids. The solar project in Rajasthan is expected to be ready for commercial operation by mid-2022. The project will be funded through a mixture of internal funds and debt.
