Sembcorp Industries (Sembcorp), through its whollyowned renewables subsidiary Sembcorp Green Infra Private Limited, has received the Letter of Award (LOA) for a 150MW Inter State Transmission System (ISTS) connected wind-solar hybrid power project (the Project) from Solar Energy Corporation of India Ltd
(SECI). The build-own-operate Project is part of a 600MW bid issued by SECI.
Subject to the execution of a power purchase agreement (PPA) and upon completion of the Project, power output from the Project will be sold to SECI under a 25-year longterm PPA. The Project is expected to be ready for commercial operation within 24 months from the date of signing the PPA and will be funded through a mixture of internal funds and debt. With this award, Sembcorp’s gross renewables portfolio in India stands at 4.9GW. This brings Sembcorp’s gross renewables capacity globally to 14.6GW,
including a 49MW acquisition pending completion.
The award of the Project is in the ordinary course of business and is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending December 31, 2024
