The project is part of a 2GW bid issued by SECI to develop ISTS-connected wind-solar hybrid power projects throughout India.
Upon its completion, power output from the project will be sold to SECI under a 25-year long-term power purchase agreement (PPA). The project is expected to be ready for commercial operation within 24 months from the date of signing of the PPA.
Shares in Sembcorp closed 5 cents lower or 0.93% down at $5.31 on Jan 23.
