Sembcorp Green Infra wins 250-MW project in Indian wind tender

The Indian renewable energy business of Singapore-based Sembcorp Industries Ltd (SGX:U96) has won a 250-MW wind project as part of India’s second national wind auction.

Sembcorp Green Infra has received a letter of award for the scheme, the Business Times reported on Monday. The company intends to install the proposed capacity in phases, with full commissioning scheduled to take place by the first half of 2019. Upon completion, it will generate electricity for the Solar Energy Corporation of India (SECI) under a 25-year off-take contract. It will be hooked to India's Central Transmission Utility, with its output to be supplied to multiple states throughout India.

The scheme is part of Sembcorp’s plans to enhance its energy business in India and become more sustainable, Vipul Tuli, CEO of Sembcorp India told the newspaper. This spring, the company secured a wind project of nearly 250 MW in India's first national wind power tender. It owns both thermal and renewable assets in the country, in operation and under development, it says on its website.

Sembcorp is one of five developers that secured projects in the 1-GW national wind tender, in which tariffs reaced a record-low price of INR 2.64 (USD 0.04/EUR 0.03) per kWh.

(INR 10 = USD 0.153/EUR 0.131)

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