Sembcorp subsidiary secures 300 MW solar project from NHPC
Power Generation
Dec 15,2023
Green Infra Wind Energy Ltd (GIWEL), a subsidiary of Sembcopr Industries' has secured a 300 MW solar project from NHPC.
A statement from the company said that the build-own-operate project is part of a 3 GW bid issued by NHPC earlier this year.
Upon completion of the project, the power output will be sold to NHPC under a 25-year power purchase agreement.
The project is expected to be ready for commercial operation in 2026, and will be funded through a mix of internal funds and debt.
This brings Sembcorp's gross renewables capacity globally to 13 GW, including 473 MW of acquisitions pending completion.