+
Sembcorp wins 300MW wind-solar hybrid project from NTPC
POWER & RENEWABLE ENERGY

Sembcorp wins 300MW wind-solar hybrid project from NTPC

Sembcorp Industries, through its wholly owned subsidiary Sembcorp Green Infra Private Limited, has bagged a 300MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project from NTPC Limited. The project, part of NTPC’s 1.2GW bid, will be executed under a build-own-operate model.

The power generated from the project will be supplied to NTPC under a 25-year power purchase agreement (PPA), which is yet to be signed. The project is expected to commence commercial operations within 24 months of the PPA signing and will be funded through a mix of internal resources and debt. With the latest award, Sembcorp has secured close to 2GW in greenfield renewable energy projects in India since November 2023, taking its total gross renewable capacity in the country to 5.4GW.

Globally, Sembcorp’s renewable energy portfolio now stands at 16GW, including a 49MW acquisition pending completion. The company stated that the project award is in the normal course of business and is not expected to materially impact its earnings per share or net tangible assets per share for the financial year ending December 31, 2024.

Sembcorp Industries, through its wholly owned subsidiary Sembcorp Green Infra Private Limited, has bagged a 300MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project from NTPC Limited. The project, part of NTPC’s 1.2GW bid, will be executed under a build-own-operate model.The power generated from the project will be supplied to NTPC under a 25-year power purchase agreement (PPA), which is yet to be signed. The project is expected to commence commercial operations within 24 months of the PPA signing and will be funded through a mix of internal resources and debt. With the latest award, Sembcorp has secured close to 2GW in greenfield renewable energy projects in India since November 2023, taking its total gross renewable capacity in the country to 5.4GW.Globally, Sembcorp’s renewable energy portfolio now stands at 16GW, including a 49MW acquisition pending completion. The company stated that the project award is in the normal course of business and is not expected to materially impact its earnings per share or net tangible assets per share for the financial year ending December 31, 2024.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code