Singapore-based Sembcorp Industries is eyeing the acquisition route to increase its renewable energy base in India as the company aims to raise its green power portfolio globally from the existing 3 gigawatt (GW) to 10 GW by 2025, Vipul Tuli, CEO South Asia of Sembcorp Industries, told FE.
The company operates in the country through Sembcorp Energy India (SEIL), which currently runs 4.8 GW of power generation assets in the country entailing an investment of about Rs 35,000 crore, comprising 2.6 GW of thermal plants and the remaining capacity consisting of renewable energy projects.
