Gurugram, India, Jan 8, 2021 (PR) - Sembcorp Energy India Limited (SEIL), a wholly owned subsidiary of Sembcorp Industries, has won a bid for a new 400 MW solar power project. Through its renewables subsidiary, Sembcorp Green Infra, SEIL won this bid in a closely contested auction conducted by the Solar Energy Corporation of India (SECI).
SEIL has received the letter of award (LoA) from SECI to develop the project in Rajasthan connected to the state’s transmission utility Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN). The project’s entire output will be sold to SECI under a 25-year long-term power purchase agreement.
Vipul Tuli, CEO South Asia, Sembcorp Industries said, "As a long-term player committed to India’s energy transition, we are pleased to secure the 400 MW utility scale solar project in Rajasthan. Sembcorp has established a track record of delivering world-class power projects within timelines. We are confident of delivering this project thanks to strong support from central and state government agencies and our business partners. India is a key market for Sembcorp, where we will continue to contribute to the nation’s clean energy mission. With this win, we have moved into our next phase of growth.”
Sembcorp recently completed the commissioning of 800MW of wind projects awarded from three earlier SECI bids. The solar project in Rajasthan is expected to be ready for commercial operation by mid-2022. The project will be funded through a mixture of internal funds and debt.
Globally, Sembcorp continues to actively grow its renewable energy offering as a leading provider of sustainable solutions. With this win, the Sembcorp Industries now has a renewables portfolio of over 3,000MW in operation and under development across Singapore, China and India.