Sembcorp unit wins electricity export order
Singapore’s Sembcorp Industries said its power plant in India is to supply 250 megawatts of electricity to Bangladesh over 15 years.
Sembcorp Gayatri Power Limited (SGPL) has received letters of intent from Bangladesh Power Development Board (BPDB).
The electricity supply is expected to commence upon completion of procedural requirements and relevant government approvals.
SGPL is wholly owned by Sembcorp’s India power arm, Sembcorp Energy India Limited (SEIL).
Vipul Tuli, Managing Director of SEIL, said, “We are pleased to have emerged as the successful bidder in this tender, and look forward to commence supply of power under a tariff that is competitive for Bangladesh and sustainable for our company.
“Our participation and success in this bid fits into SEIL’s strategy of providing cost-competitive and reliable power, while prudently contracting our balance open capacity at viable tariffs,” he said.
Sembcorp has been assisting Bangladesh in meeting its pressing need for power.
Aside from SEIL’s participation in this tender through SGPL, the Sembcorp Group is also part of a consortium which is constructing the Sirajganj Unit 4 power project in Bangladesh.
This upcoming power plant, which will have a contracted capacity of 426 megawatts, is targeted to begin open-cycle operations later this year and achieve full commercial operations in 2019. Fiinews.com
