+
Sembcorp Wins 300 MW Wind-Solar Hybrid Project from NTPC
POWER & RENEWABLE ENERGY

Sembcorp Wins 300 MW Wind-Solar Hybrid Project from NTPC

Sembcorp Industries announced that it has secured a 300 MW wind-solar hybrid project through its subsidiary, Sembcorp Green Infra, from NTPC. The project, which is part of a 1.2 GW bid issued by NTPC, a state-owned power company, is a build-own-operate initiative.

The statement further mentioned that Sembcorp, via its wholly-owned renewables subsidiary, Sembcorp Green Infra, has received a Letter of Award (LOA) for the 300 MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project from NTPC.

It was noted that the power generated from the project, once completed, will be sold to NTPC under a 25-year power purchase agreement (PPA), subject to the execution of the agreement. The project is expected to be operational within 24 months from the signing of the PPA and will be financed through a combination of internal funds and debt.

Since November 2023, Sembcorp has secured nearly 2 GW of greenfield projects, bringing its total renewable capacity in India to 5.4 GW. With this, the company’s global renewables capacity now stands at 16 GW, which includes a pending 49 MW acquisition.

The company stated that the award of this project is part of its regular business activities and is not anticipated to significantly impact its earnings per share or net tangible assets per share for the financial year ending December 31, 2024.

Additionally, nominations for the ET MSME Awards were announced, with the final date for submissions being November 30, 2024. Interested participants were encouraged to submit entries for any of the 22 award categories for a chance to win a prestigious recognition.

Sembcorp Industries announced that it has secured a 300 MW wind-solar hybrid project through its subsidiary, Sembcorp Green Infra, from NTPC. The project, which is part of a 1.2 GW bid issued by NTPC, a state-owned power company, is a build-own-operate initiative. The statement further mentioned that Sembcorp, via its wholly-owned renewables subsidiary, Sembcorp Green Infra, has received a Letter of Award (LOA) for the 300 MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project from NTPC. It was noted that the power generated from the project, once completed, will be sold to NTPC under a 25-year power purchase agreement (PPA), subject to the execution of the agreement. The project is expected to be operational within 24 months from the signing of the PPA and will be financed through a combination of internal funds and debt. Since November 2023, Sembcorp has secured nearly 2 GW of greenfield projects, bringing its total renewable capacity in India to 5.4 GW. With this, the company’s global renewables capacity now stands at 16 GW, which includes a pending 49 MW acquisition. The company stated that the award of this project is part of its regular business activities and is not anticipated to significantly impact its earnings per share or net tangible assets per share for the financial year ending December 31, 2024. Additionally, nominations for the ET MSME Awards were announced, with the final date for submissions being November 30, 2024. Interested participants were encouraged to submit entries for any of the 22 award categories for a chance to win a prestigious recognition.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code