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
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?