Sembcorp Industries, through its wholly-owned renewables subsidiary Green Infra Wind Energy Limited (GIWEL), on Thursday said it has received the Letter of Award (LOA) for a 300-MW Inter State Transmission System connected solar power project from NHPC.
According to the press release, the build-own-operate project is part of a 3-GW bid issued by NHPC earlier this year.
In its LOA, NHPC has confirmed the acceptance of GIWEL’s final offer and committed to purchasing power from the project.
Upon completion of the project, power from it will be sold to NHPC under a 25-year long-term power purchase agreement. The project is expected to be ready for commercial operation in 2026, and will be funded through a mixture of internal funds and debt, added the release.
GIWEL recently signed an agreement with Leap Green Energy Private Limited to acquire two special purpose vehicles owning 228MW of operational wind assets in Madhya Pradesh, Maharashtra, and Rajasthan.
With this win, Sembcorp’s gross renewables portfolio in India will reach 3.7 GW. This brings Sembcorp’s gross renewables capacity globally to 13 GW, including 473 MW of acquisitions pending completion.
