Indian subsidiary of Singapore’s Sembcorp, Sembcorp Green Infra, will develop a 1GW wind power facility in the state of Madhya Pradesh.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan has signed a memorandum of understanding (MoU) for the intended construction during his visit to Singapore, reported Press Trust of India.
Go deeper with GlobalData
The proposed plant, to be set up in the western parts of the state, is expected to involve an investment of Rs70bn ($1.03bn). It is planned to be developed in two phases.
PTI cited Chouhan as saying that, while the first phase will have 540MW power generation capacity, the second will have 407MW.
"Singapore has agreed to cooperate with Madhya Pradesh in five areas, including food processing, renewable energy, urban planning and smart city, skill development and IT," he added.
The minister has signed MoUs for three other investment proposals with separate entities in Singapore.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe proposed ventures will be subject to further studies.
Sembcorp Green Infra was formed in February last year, when Sembcorp Utilities acquired 60% interest in Indian-based Green Infra for Rs10.6bn ($147.1m).
Remaining stake in the entity is held by IDFC Private Equity Fund III, which is managed by IDFC Alternatives.
