Sembcorp Industries on Wednesday said it has secured a 300 MW wind-solar hybrid project through its arm Sembcorp Green Infra from NTPC Ltd.
The build-own-operate project is part of a 1.2GW bid issued by NTPC, a state-owned power giant, a company statement said.
Sembcorp Industries (Sembcorp), through its wholly-owned renewables subsidiary Sembcorp Green Infra Pvt Ltd, has received the Letter of Award (LOA) for a 300MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project (the Project) from NTPC Ltd, according to the statement.
Subject to the execution of a power purchase agreement (PPA) and upon completion of the project, power output from the project will be sold to NTPC under a 25-year long-term PPA, it stated.
The project is expected to be ready for commercial operation within 24 months from the date of signing the PPA and will be funded through a mixture of internal funds and debt, the company informed.
With a secured capacity of close to 2GW from .