Sembcorp commissions 200MW wind power project in Bhuj, sees rise in profitability
Sembcorp Energy India reported an 8% rise in second-quarter net profit to 42 million Singapore dollar
The Indian arm of Singapore-based Sembcorp Industries has commissioned 200MW of wind power project at Bhuj in Gujarat, taking its total generating capacity to 450MW to become the largest producer of electricity from SECI wind auction in the country.
Sembcorp Energy India reported an 8% rise in second-quarter net profit to 42 million Singapore dollar. "We have not been very aggressive in bidding for SECI auctions but focussed on delivering projects that we have undertaken. We have delivered 450MW of SECI of projects," company's managing director Vipul Tuli said.
The phased commissioning of a combined capacity of 200MW of wind project at Bhuj in Gujarat is part of the 250MW and 300MW capacity, respectively, that Sembcorp won in the SECI 2 and SECI 3 wind bids conducted by the Solar Energy Corporation of India (SECI).
It had previously commissioned 250MW of wind project in Tamil Nadu under SECI 1. In all, the company had won 800MW of wind power bids, of which it has completed 450MW.
"Our focus has to deliver the projects on time and we would be completing the rest of the 350MW projects within 2019," Tuli said, adding the latest commissioning has taken total renewable operating capacity with the company to 1,377MW.
It also has 2,640MW of thermal power generation capacity. Besides, the company also has a self-operating capacity of 600MW, the largest with any independent power producer. SEIL reported a turnover of SGD 460 million in the quarter under review amid mounting fiscal stress in the power sector of the country. Tuli said the rise in profitability as due to a robust performance and generation capacity addition in its renewable energy business.
Both wind farms commissioned at Bhuj are connected to the interstate transmission system and the power generated will be supplied to multiple states, helping them meet their renewable energy requirements. Under long-term Power Purchase Agreements (PPA) between Sembcorp and Power Trading Corporation (PTC), the energy generated from its SECI 2 project will be supplied to Assam, Jharkhand and Odisha, and power from SECI 3 to Bihar and Punjab.
"Combined with the 250MW SECI 1 project completed in October 2018, SEIL is now generating more than 450MW of renewable energy from its three SECI projects," Tuli said. Sembcorp holds the distinction of being the first to complete a SECI auction wind power project ahead of schedule, and as on date has the largest generating capacity commissioned from SECI wind auctions.