New Delhi: Singapore-based Sembcorp Industries on Wednesday said it has signed an agreement to acquire the remaining near 6 per cent stake of its local partner Gayatri Energy Venture Pte Ltd in the Indian arm, Sembcrop Energy India Ltd (SEIL), for Rs 406 crore. “Following the completion of the proposed acquisition, Sembcorp will become the […]
SATS and Sembcorp ink sustainable energy deal
Sembcorp will install and operate solar panels in several SATS premises. Food solutions firm SATS has partnered with Sembcorp Industries to implement solar energy systems for its operations, according to a press release. Under a memorandum of understanding, Sembcorp will install and operate rooftop solar panels with a combined capacity of approximately 7.8 megawatts atop […]
Sembcorp subsidiary to build solar facilities in Vietnam industrial parks
The first project, a solar farm atop VSIP’s admin building, has already been completed. Sembcorp Industries subsidiary Sembcorp Smart Energy Solutions Vietnam tied up with Becamex and Vietnam Singapore Industrial Park (VSIP) to develop rooftop solar facilities in their integrated townships and industrial parks in the country, according to a press release. This will also […]
Sembcorp to provide solar power to UBS for ten years
UBS expects to run its entire operations on renewables by 2020. Sembcorp Industries will be providing locally-sourced solar power to UBS offices over the next ten years, according to a press release. This will be Sembcorp’s first renewable energy partner in the financial services industry. This will be made through the sale of renewable energy […]
Sembcorp announces commissioning of wind power projects in Gujarat
Sembcorp commissioned 200 MW out of 550 MW of the SECI 2 and SECI 3 wind power projects Singapore-based Sembcorp’s India arm has announced commissioning of 200 MW of wind power projects at Bhuj in Gujarat. With this, it has commissioned 450 MW of wind energy projects in India under the three rounds of bidding […]
Sembcorp invests ₹521 crore in Indian renewable business
The funds will be used to expand the Singapore-based company’s renewable energy portfolio in India Sembcorp India has announced the commissioning of 200MW wind power projects in Gujarat MUMBAI: Sembcorp Industries, the Singapore-based energy and urban development company, has made an equity infusion of ₹521 crore (S$101.6 million) into its Indian arm, Sembcorp Energy India […]
Sembcorp to infuse equity worth Rs 516.9 crore in SEIL
The balance of the shares in the SEIL is owned by SCU’s local partner, Gayatri Energy Ventures. Sembcorp Industries Wednesday announced infusion of equity worth Rs 516.9 crore into its India arm Sembcorp Energy India (SEIL) to support its renewable energy business in the country. The equity injection is funded through a mix of internal […]
Singapore’s Sembcorp defers India energy IPO
SEIL intends to refile a revised prospectus at an appropriate time this year. SINGAPORE: Singaporean industrial conglomerate Sembcorp Industries Ltd said it has withdrawn a draft prospectus for listing its Indian energy arm, as it was injecting new equity into the business, and intended to submit papers later this year. Sembcorp plans to subscribe to […]