Sembcorp’s renewable energy arm wins 250 MW wind power project in India
The company said Sembcorp Green Infra has received a letter of award for the project following India’s first national wind power tender conducted by Solar Energy Corporation of India.
The project will be located in Tamil Nadu and connected to India’s central transmission utility. The project’s entire output will be sold to PTC India under a 25-year long-term power purchase agreement.
The project is expected to be developed in phases and fully commissioned in the second half of the Indian financial year ending March 31, 2019.
The total project cost is estimated to be around Rs 19 billion (approximately S$405 million). This is expected to be funded through a mixture of internal funds and debt.
“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 MW of renewable energy and energy-from-waste capacity in Singapore, China, India and the UK, including wind, solar and biomass power assets,” Sembcorp said.
At present, Sembcorp Group has over 3,800 MW of power capacity in operation and under development in India, comprising both thermal and renewable energy assets.