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.

Next Story
Infrastructure Transport

HMRTC to Extend Metro from Gurugram to Jhajjar

The Haryana Mass Rapid Transport Corporation (HMRTC) is progressing with plans to extend the Gurugram Metro from Basai to Bhadsa in Jhajjar, with the ridership survey expected to be completed by the end of January, according to HMRTC officials. In March, the authority had requested Railway India Technical and Engineering Services (RITES) to conduct a ridership survey, which will play a crucial role in finalising the project. The proposed route, covering 23.1 km from Basai to Bhadsa, will alleviate heavy traffic on this stretch. The ridership survey will determine whether the extension should p..

Next Story
Building Material

Siam Cement BigBloc Construction bags Tata Project’s order

SIAM Cement BigBloc Construction Technologies, a joint venture between Gujarat based BigBloc Construction and Thailand’s SCG International Corporation, has secured a work order from Tata Projects for supply and installation of AAC Panels for India’s first Semiconductor unit of Micron India in Sanand, Gujarat. The work order of approx. 2 lakh square feet is for supply and installation of 100 mm AAC panels for Micron India’s semiconductor factory at Sanand. The work order was finalized after several rounds of meetings, thorough due diligence, and factory visits, including review of mock-u..

Next Story
Infrastructure Urban

Zoomlion Releases World's Tallest Straight Boom Aerial Work Platform

Zoomlion Heavy Industry Science & Technology has released a series of groundbreaking aerial work platform (AWP) products, including the world's tallest straight boom aerial work platform, the ZT82J, with a height of 82.3 m. These innovative products further solidify Zoomlion's leadership in the AWP sector and underscore its commitment to global market development. The ZT82J marks Zoomlion's third instance of setting a world record in straight boom AWP following the 68-meter and 72-meter products. The 82.3-meter AWP boasts a platform amplitude of 34.1 meters, a maximum working load of 454 kilog..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000