Sembcorp Industries has been formally awarded a 180MW wind power project in India.
The award was made during the recent 11th nationwide wind power auction held by the Solar Energy Corporation of India (SECI).
The letter of award was received by Sembcorp’s wholly-owned renewables subsidiary in India, Green Infra Wind Energy Limited.
According to the letter of award, Sembcorp will develop the project, which is proposed to be situated in the state of Karnataka in southwest India.
Upon completion of the project, its power output will be sold to SECI under a 25-year long-term power purchase agreement.
With the award, Sembcorp now has over 2.3GW in the total number of installed and under construction renewable energy capacity in India.
In addition, the group now has a renewables portfolio of over 3.5GW in operation and under development across Singapore, China, India, Vietnam and the UK.
“Winning the 180MW SECI wind power project is an endorsement of our competitiveness and capabilities in renewable energy. This project moves us closer towards our brown to green transformation, as we target a focused growth in our renewables portfolio,” says Wong Kim Yin, group president and CEO of Sembcorp Industries.
Shares in Sembcorp closed 9 cents higher or 4.62% up at $2.04 on Oct 22.
Photo: Sembcorp
