Singapore-based Sembcorp announced that its renewable energy company in India has secured a contract to build a 250MW wind power project in the country.
Its subsidiary, Sembcorp Green Infra successfully bid for the project in the first national wind power tender held by the state-owned Solar Energy Corporation of India, a company of the Indian Ministry of New and Renewable Energy.
To be built with an investment of $288m in the southern Indian state of Tamil Nadu, the wind power project will be connected to the Central Transmission Utility of the country.
The wind power project will be financed through a combination of internal funds and debt.
Sembcorp Green Infra managing director and CEO Sunil Gupta said: “Sembcorp is pleased to have secured this new project, through which we can further support India’s growth with sustainable wind power.
“We will be locating the project in Tamil Nadu, a high-wind state, and plan to work closely with suppliers and contractors to deliver the project successfully.”
Likely to have a phase-wise development, the wind power project is slated to be completely operational in the second half of the financial year 2019 which ends on March 31.
The project already has a power purchase agreement for 25 years during which it will supply its entire output to Power Trading.
It is expected to consolidate Sembcorp’s footprint in the Indian power market, while also boosting its global renewable energy portfolio.
The Sembcorp Group has more than 3.8GW of capacity in its Indian power portfolio that comprises thermal and renewable energy assets, either in operation or under development.
In neighbouring China, Sembcorp had commenced operations of its 660MW coal-fired power plant in Chongqing in late January. The plant is the second unit of the 1.3GW coal-fired power project which is now fully commissioned.