GIWEL bags solar project
image for illustrative purpose
New Delhi: Sembcorp Industries’ subsidiary Green Infra Wind Energy Ltd (GIWEL) has bagged a 300 MW solar project from NHPC. Sembcorp, through GIWEL, has received a Letter of Award (LoA) for a 300 MW Inter-State Transmission System connected solar power project from NHPC. The build-own-operate project is part of a 3 GW bid issued by NHPC earlier this year, a statement said.
Upon completion of the project, the power output will be sold to NHPC under a 25-year power purchase agreement. The project is expected to be ready for commercial operation in 2026, and will be funded through a mix of internal funds and debt. This brings Sembcorp’s gross renewables capacity globally to 13 GW, including 473 MW of acquisitions pending completion.
