Sembcorp India Confirms 400 MW Solar Capacity Win in Rajasthan
- Sembcorp Energy India has validated that it has won a 400 MW solar power project in Rajasthan in a closely contested public auction conducted by SECI.
Sembcorp Energy India Limited (SEIL), a wholly-owned subsidiary of Sembcorp Industries, has won a bid for a new 400 MW solar energy project. Through its renewables subsidiary, Sembcorp Green Infra, SEIL won this quote in a very closely objected to auction carried out by the Solar Energy Corporation of India (SECI).
In November, we had actually reported that in SECI's public auction for 1070 MW solar projects being established in Rajasthan (Tranche-III) it had actually obtained two (L1) proposals at after that the record most affordable tariff of Rs 2 per kWh. The record low L1 quote was submitted by Saudi Arabian firm Al Jomaih Energy as well as Water Co as well as the Sembcorp Energy India subsidiary. Both submitted the L1 bid for 200 MW and 400 MW capacity respectively.
SEIL has actually now obtained the letter of award (LoA) from SECI to create the project in Rajasthan attached to the state's transmission energy Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN). The project's entire outcome will be sold to SECI under a 25-year lasting power acquisition contract.
Vipul Tuli-- CEO South Asia, Sembcorp Industries said "as a long-term gamer dedicated to India's energy transition, we are pleased to safeguard the 400 MW utility-scale solar project in Rajasthan. Sembcorp has established a performance history of supplying first-rate power projects within timelines. We are confident of delivering this project thanks to strong support from main and state federal government firms as well as our service partners. India is a vital market for Sembcorp, where we will certainly continue to contribute to the nation's clean power mission. With this win, we have actually moved into our following stage of growth."
The solar project in Rajasthan is expected to be prepared for industrial operation by mid-2022. The project will be funded with a mix of inner funds as well as debt.
In July, the company had announced the successful appointing of 800 MW of wind projects awarded from three earlier SECI bids. The projects were the earliest wind projects won with open auctions and reverse bidding, starting back in 2017, and also their conclusion on time marked a major milestone for India's wind power journey.