The tender which was conducted by the Solar Energy Corporation of India (SECI) on behalf of the Government of India’s Ministry of New and Renewable Energy (MNRE), has been won by Sembcorp’s renewable energy business Sembcorp Green Infra.
This is the second time that Sembcorp has won a bidding for wind farm construction in the country. In April, it had won a bid for a 250MW wind project in India, awarded by SECI. The wind project is located in the southern state of Tamil Nadu and will be connected to India’s Central Transmission Utility.
Details about the new project such as the location and the total cost estimate have not been disclosed by Sembcorp.
This wind farm is expected to come online in 2019 and the entire power generated from it will be provided to SECI under a 25 year power purchase agreement (PPA). The project will be connected to the country’s Central Transmission Utility, which will in-turn supply the power across to states, helping them to meet their renewable energy requirement.
Sembcorp Green Infra managing director and CEO Sunil Gupta said: “This demonstrates Sembcorp’s strong renewable energy capabilities. Greater transparency and offtake creditworthiness gives established long term players like Sembcorp an advantage.
“Combined with declining equipment prices, this has allowed us to provide clean power at lower tariffs.”
As per Sembcorp, the project is expected to expand its presence in the country’s power market. Presently, the company has more than 4GW of power generation in operation and under development, which include both thermal and renewable energy assets.
Sembcorp India CEO and country head Vipul Tuli said: “This new renewable energy project is in line with Sembcorp’s strategy to make our energy business in the country stronger and more sustainable.
“It also reinforces our commitment to India, and to playing a role in powering the country’s continued progress.”