NEW DELHI: Singapore-based Sembcorp Industries’ Indian unit has won a bid for a new solar power project of 400 megawatts ( MW) capacity offering a tariff of Rs 2 per unit in a closely contested auction.
Sembcorp Energy India Ltd (SEIL) has received the letter of award from Social Energy Corporation of India (SECI) to develop the project in Rajasthan, the company said in a statement here.
“The project’s entire output will be sold to SECI under a 25-year long-term power purchase agreement,” it said.
While the firm did not give the tariff it had bid to win the project, analysts said it had offered Rs 2 per unit.
