Sembcorp Energy India Ltd Wednesday posted a 12 per cent rise in its first quarter net profit at Singapore dollar 75 million (about Rs 385.12 crore) on the back of better performance of its renewable energy business.
Sembcorp Energy India (SEIL) and Suzlon Group Friday announced completion of a 250 MW wind power project, which was the first wind energy project auctioned by the Solar Energy Corporation of India (SECI).
Sembcorp Energy India is looking to scale up its capacity in solar business at a time when the Indian solar industry is grappling with the issue of low tariffs.
Sembcorp Energy, Jaiprakash Associates, IL&FS and RKM PowerGen are among eight companies that responded to the government’s pilot scheme to aggregate and auction power purchase agreements (PPAs), to help them generate electricity from idling plants and repay loans.
Sembcorp Energy India is set to bag a tender for supply of 250 megawatts of electricity to Bangladesh after it bid the lowest tariff.