The project cost is estimated at US$293.9m.
Sembcorp’s renewable energy business in India has won a bid for a new wind power project with close to 250 megawatts in capacity.
Sembcorp Green Infra received a letter of award for the project following the country’s first national wind power tender, conducted by Solar Energy Corp of India, an entity under India’s Ministry of New and Renewable Energy. 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 Power Trading Corporation 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 INR 19 billion (approximately S$405 million and US$293.9m). 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.
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