Sembcorp Bags 250 MW Wind Power Project
Commenting on the deal, Sunil Gupta, Managing Director and CEO of Sembcorp Green Infra, said, “Sembcorp is pleased to have secured this new project, through which we can further support India’s growth with sustainable wind power. We 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.”
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 INR 19 billion (approximately S$405 million). This is expected to be funded through a mixture of internal funds and debt.
This project strengthens Sembcorp’s presence in India’s 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.
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.
- Issued By:SOLAR ENERGY CORPORATION OF INDIA LIMITED
- Bagged By:
- Region:Southern India
- State:Tamil Nadu
- Value:INR 19 Billion
- Order / Contract Completion Date:2019-03-31
- Published On:2017-04-10