Sembcorp Industries (Sembcorp), through its whollyowned renewables subsidiary Green Infra Wind Energy Limited, has received the letter of award (LoA) for a 450 MW inter state transmission system (ISTS) connected wind-solar hybrid power project from Solar Energy Corporation of India Limited (SECI).
The build-own-operate project is part of a 2 GW bid issued by SECI to develop ISTS-connected wind-solar hybrid power projects throughout India. Upon completion, power output from the project will be sold to SECI under a 25-year long-term power purchase agreement (PPA). The project is expected to be ready for commercial operation within 24 months from the date of the signing of the PPA and will be funded through a mixture of internal funds and debt.