Sembcorp Energy India Limited has recently won a new 400MW solar power project. Through its renewables subsidiary, Sembcorp Green Infra, SEIL won this bid in a closely contested auction conducted by the Solar Energy Corporation of India. SEIL has received the letter of award from SECI to develop the project in Rajasthan, a region in northern India. It will be connected to the state’s transmission utility Rajasthan Rajya Vidyut Prasaran Nigam Limited. The project’s entire output will be sold to SECI under a 25-year long-term power purchase agreement. It is expected to be ready for commercial operation by mid-2022. The project will be funded through a mixture of internal funds and debt.
SEIL is the first independent power producer to have completed the commissioning of 800MW of wind projects awarded from three earlier SECI bids.