Sembcorp clinches 300 MW wind-solar hybrid power project from India’s state-run power producer

Sembcorp clinches 300 MW wind-solar hybrid power project from India’s state-run power producer


Upon its completion, energy and urban development company will sell power output from the project to NTPC under a 25-year contract

INDIA’S NTPC has appointed Sembcorp Industries to build, own and operate a 300-megawatt (MW) wind-solar hybrid power project. 

The project, which will be connected to the inter-state transmission system, is part of a 1.2-gigawatt (GW) bid issued by NTPC, India’s state-run power producer, the energy and urban development company said on Tuesday (Nov 26). 

Upon its completion, Sembcorp will sell power output from the project to NTPC through a power purchase agreement under a 25-year contract. 

The project is expected to be ready for commercial operation within 24 months from the signing of the agreement. 

This hybrid project takes Sembcorp’s renewables capacity in India to 5.4 GW. Prior to this, the company had a secured capacity of close to 2 GW from greenfield projects it secured since November 2023. 

Its global renewables capacity is now at 16 GW, and includes a 49-MW acquisition that is pending completion. 

Sembcorp said the project will be funded through a mixture of internal funds and debt and is in the ordinary course of business. 

The company added that the project will not have any material impact on its earnings per share or net tangible assets per share for the financial year ending Dec 31. 

Shares of Sembcorp closed down 0.4 per cent or S$0.020 at S$5.23, before the news on Monday. 

Copyright The Business Times. All rights reserved.



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Kim Browne

As an editor at VanityFair Fashion, I specialize in exploring Lifestyle success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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