Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Sembcorp Energy arm bags 300 MW wind project

Sembcorp Energy India Ltd (SEIL) has bagged a 300-megawatt project, in the wind power auction conducted recently.

As per a company statement, this is the 3rd consecutive win for the subsidiaries of Sembcorp Green Infra, a wholly owned arm of SEIL. Post this order, SEIL has received a combined capacity of 800 MW from the 3 auctions.

The wind power auction was conducted by Solar Energy Corporation of India (SECI). SECI has given confirmation in a letter of award, to SEIL’s final order and has committed to purchase power from the new project.

Furthermore, it is proposed that the project will be set up in Gujarat. Post completion, the entire power output will be sold to SECI under a 25-year power purchase agreement.

Read EquityPandit’s Technical Analysis of Nifty Energy

Get Daily Prediction & Stocks Tips On Your Mobile