Sembcorp Industries had opened its 2,640 MW Power Complex in AP early this year, and has created a platform of growth and possibilities. The expansion of energy sector within Andhra takes a new tangent with the venture, also accommodating great scope for local skill engagement.
The Singapore power giant now looks forward to cast its presence in the Indian market, and no better place to start than the new sunrise state. Andhra is rich with skill and resources, and is deigning to become India’s leading player in the power sector.
Sembcorp’s $3 billion facility is incidentally also the largest foreign direct investment-driven project on a single site in the thermal energy sector. The brand has two 1,320-MW super critical coal-fired power plants. Despite the fact that AP’s set up is still new and thriving to settle in, the way ahead paves through for robust economic dynamics and skill engagement.
Sembcorp is currently bidding for a 500-MW long-term power purchase agreement (PPA) with Andhra Pradesh, in the new capital city Amaravati. If the deal comes through, three of the four units, each of 660-MW, would be under long-term agreements.
The management affirms that the services of their plants will have massive demand in the coming days. The power growth in India is on the surge, reporting more than 7% this year alone.
Renewable energy is the prime goal here. The company wants to become a platform for the business