Sembcorp subsidiary to develop 450 MW hybrid power project in India
The power generated from the project will be sold to SECI.
Sembcorp Industries subsidiary Green Infra Wind Energy was awarded the 450-megawatt Inter State Transmission System (ISTS) connected wind-solar hybrid power project by the Solar Energy Corporation of India (SECI).
In a statement, Sembcopr said the power generated from the project will be sold to SECI under a 25-year power purchase agreement.
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The project is expected to be operational within 24 months from the signing of the power purchase deal which will be supported by a mix of internal funds and debt.
Sembcorp added that the project is part of a two-gigawatt (GW) bid SECI issued for the ISTS-connected hybrid projects across the country.
This development raised Sembcorp’s renewables portfolio in India to 4.2 GW and its total capacity to 13.5 GW.