Sembcorp Receives Investment Licence to Develop VSIP Can Tho Industrial Park in Vietnam
Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, has received the investment licence to develop a new industrial park in Vietnam’s Can Tho City. The 293.7-hectare industrial park in Can Tho will be operated by the Vietnam Singapore Industrial Park (VSIP) Group. Sembcorp is the joint master developer of the VSIP projects together with its […]
Entire Stake Sale: Rs 11,734 cr! Sembcorp sells India unit to Omanese consortia – Decarbonisation drive – EQ Mag Pro
At a media call, Vipul Tuli, CEO – South Asia, Sembcorp Industries, said the firm has no plans to exit India and this divestment will allow it to invest more in the renewable space in the country. Singaporean utility firm Sembcorp Industries on Monday announced the sale of its entire stake in its India unit […]
Torrent, Sembcorp in fray to buy Vector Green Energy – EQ Mag Pro
Torrent Power Ltd and Singapore-based Sembcorp Industries Ltd. US private equity firm Global Infrastructure Partners (GIP) are in the fray to buy Indian clean energy platform Vector Green Energy, said two people aware of the development, which is set to become a ready for Largest clean energy deal in India. Standard Chartered is running the […]
Sembcorp Delivers Strong 1H2022 Performance – EQ Mag Pro
H2022 net profit before exceptional items up 94% at S$490 million Significant growth achieved in renewables portfolio For the first half of 2022 (1H2022), Sembcorp Industries recorded a turnover of S$4.8 billion, up 45% from S$3.3 billion in 1H2021. Group net profit before exceptional items increased 94% to S$490 million, with higher contributions from the […]
JSW Energy, Torrent, Sembcorp join race for Vector Green assets – EQ Mag Pro
Leading domestic energy producers – , and Apraava Energy (formerly CLP India) and European major Sembcorp – have joined the race for acquiring 700 megawatts (MW) of wind and solar energy assets under Vector Green Energy, said multiple people aware of the development. The assets will be valued at ₹4,500-5,000 crore ($700 million), added sources. […]
Sembcorp to build 200MW battery storage at Singapore’s industrial hub Jurong Island – EQ Mag Pro
Singapore-based energy and urban development group Sembcorp is building 200MWh of battery storage systems on Jurong Island, home to much of the country’s industrial activity. Jurong Island was formed through land reclamation efforts that began in the late 1960s and culminated in its establishment as one of the world’s top 10 chemicals production hubs and […]
Sembcorp buys 658-MW wind, solar portfolio in China
Singapore-based group Sembcorp Industries Ltd (SGX:U96) has finalised the acquisition of a majority stake in a portfolio of 658 MW of wind and solar farms in China, it announced on Wednesday. The group, via its wholly-owned subsidiary Sembcorp Energy (Shanghai) Holding Co Ltd, bought a 98% interest in the portfolio from China’s private equity infrastructure […]
Saint-Gobain, Sembcorp sign green energy supply deal for Indian units – EQ Mag Pro
NEW DELHI : French construction materials giant Saint-Gobain has signed a long-term renewable power supply deal with Singapore-listed Sembcorp for its manufacturing facilities in southern Tamil Nadu state, the companies said on Tuesday. “Sembcorp will supply 33 MW of locally sourced renewable power to Saint-Gobain’s manufacturing facilities in Sriperumbudur, Perundurai and Tiruvallur, over the next […]
Sembcorp to supply renewable power to Saint-Gobain for 25 yrs – EQ Mag Pro
Leading power producer Sembcorp on Tuesday said it has signed an agreement to supply 33 MW of electricity generated from renewable sources to Saint-Gobain’s manufacturing facilities for 25 years, helping the construction material firm meet its carbon reduction targets. ”Saint-Gobain India and Sembcorp Green Infra’s (SGIL) subsidiary Green Infra Wind Energy Ltd (GIWEL) have partnered […]