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The renewable energy business arm of the Sembcorp has won another bid to set up a 250-megawatt wind power project in India, company officials said today.
Sembcorp Green Infra won the bid and also received an official letter of the award of the project following a tender process conducted by the Solar Energy Corporation of India (SECI) on behalf of the Government of India's Ministry of New and Renewable Energy (MNRE).
"This makes Sembcorp, a utility player which has won the largest combined capacity in India's two national wind power tenders so far," they said.
The project would be developed in phases and will become fully operational by the first half of 2019. The company had sequied.
Upon completion of the project, power-generated from it would be sold to the SECI, under a 25-year long-term power purchase agreement.
The project will be connected to India's Central Transmission Utility and supply power to multiple states, helping them to meet their renewable energy requirement.
"We are pleased to have secured back-to-back wins in both national wind power tenders held to date. This demonstrates Sembcorps strong renewable energy capabilities," said Sunil Gupta, Managing Director and CEO of Sembcorp Green Infra.
"Greater transparency and offtake creditworthiness gives established long term players like Sembcorp an advantage. Combined with declining equipment prices, this has allowed us to provide clean power at lower tariffs".
Vipul Tuli, CEO & Country Head of Sembcorp India, added, "This new renewable energy project is in line with Sembcorps strategy to make our energy business in the country stronger and more sustainable. It also reinforces our commitment to India, and to playing a role in powering the countrys continued progress."
This new project will expand Sembcorp's presence in India's power market.
The company has over 4,000 megawatts of power capacity in operation and under development in the country, comprising both thermal and renewable energy assets.
In addition, the project also strengthens Sembcorp's global renewable energy business, which it has been actively growing as part of a balanced portfolio.
The company has wind, solar and biomass energy as well as energy-from-waste projects in Singapore, China, India and the UK.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)