- The awarded solar power project by NHPC is 300 megawatts.
- Sembcorp Industries said internal funds and debt will fund the project.
Indian National Hydroelectric Power Corporation (NHPC) has awarded a 300 megawatt (MW) solar power project to Singapore’s Sembcorp Industries renewables unit, Green Infra Wind Energy Ltd’s (GIWEL). Sembcorp said that NHPC, in its letter of award, confirmed GIWEL’s final offer to buy power output from the project for 25 years under a long-term power purchase agreement.
Sembcorp Industries said the project will be funded by internal funds and debt and is expected to be ready for commercial operation in 2026. The award comes weeks after GIWEL signed an agreement with an India-based power producer, Leap Green Energy, to buy two special-purpose vehicles owning 228 MW of operational wind assets in the Indian states of Madhya Pradesh, Maharashtra and Rajasthan.