Sembcorp\u2019s renewable energy business in India has won a bid for a new wind 250 mw power project. <\/p>\n
Sembcorp Green Infra received a letter of award for the project following the country\u2019s first national wind power tender, conducted by Solar Energy Corp of India, an entity under India\u2019s Ministry of New and Renewable Energy. <\/p>\n
Total project cost is estimated to be around Rs 1900 crore (approximately S$405 million). This is expected to be funded through a mixture of internal funds and debt. <\/p>\n
The project will be located in Tamil Nadu and connected to India\u2019s Central Transmission Utility. The project\u2019s entire output will be sold to Power Trading Corporation under a 25-year long-term power purchase agreement. <\/p>\n
Commenting on the deal, Sunil Gupta, managing director and CEO at Sembcorp Green Infra, said, \u201cWe will be locating the project in Tamil Nadu, a high-wind state, and plan to work closely with suppliers and contractors to deliver the project successfully.\u201d <\/p>\n
The project is expected to be developed in phases and fully commissioned in the second half of the financial year ending March 31, 2019. <\/p>\n
\u201cThis project strengthens Sembcorp\u2019s presence in India\u2019s power market, as well as its growing international renewable energy portfolio. The Sembcorp Group has over 3,800 megawatts of power capacity in operation and under development in India, comprising both thermal and renewable energy assets,\u201d the company said in a statement made on Monday. <\/p>\n
Globally, Sembcorp is actively growing its renewable energy business as part of a balanced portfolio of high-efficiency thermal, renewable as well as energy-from-waste projects. It has over 2,000 megawatts of renewable energy and energy-from-waste capacity in Singapore, China, India and the UK, including wind, solar and biomass power assets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sembcorp\u2019s renewable energy business in India has won a bid for a new wind 250 mw power project. Sembcorp Green Infra received a letter of award for the project following the country\u2019s first national wind power tender, conducted by Solar Energy Corp of India, an entity under India\u2019s Ministry of New and Renewable Energy. Total project cost is estimated to be around Rs 1900 crore (approximately S$405 million). This is expected to be funded through a mixture of internal funds and debt. The project will be located in Tamil Nadu and connected to India\u2019s Central Transmission Utility. The project\u2019s entire […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-108083","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/108083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=108083"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/108083\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=108083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=108083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=108083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}