Sembcorp Energy India bags 250mw Bangladesh contract

NEW DELHI: Sembcorp Energy India Limited said its subsidiary Sembcorp Gayatri Power has won a competitive tender conducted by the Bangladesh Power Development Board (BPDB) to supply 250 mw power to Bangladesh over 15 years. Sembcorp Gayatri Power has received letters of intent from BPDB in both the short term and long term bids, an official statement said adding supply of power is expected to commence soon upon completion of procedural requirements and relevant government approvals.Sembcorp Energy managing director Vipul Tuli said, “We look forward to commence supply of power at a tariff that is attractive for Bangladesh and sustainable for SEIL, in keeping with growing Indo – Bangladesh economic ties. This bid fits into SEIL’s strategy of providing cost-competitive and reliable power, while prudently contracting our balance open capacity at viable tariffs.”The company owns and operates a portfolio of 4.37 GW thermal and renewable energy assets in operation and under construction. Sembcorp Gayatri comprises two supercritical power plants in Nellore, Andhra Pradesh with a combined 2,640 mw capacity. The units have maintained an average plant load factors (PLF) of over 80% for the period between April and December 2017 well above the industry average PLF of 60%, the statement said.

from The Economic Times https://ift.tt/2wisR8Q