Committed to long-term investment in India
Business Standard|October 17, 2024
Singapore headquartered Sembcorp Industries is the largest foreign renewable energy (RE) player in India with 5 gigawatt (Gw) of operational solar and wind power capacity. It started out by acquiring several key RE assets in India and went on to participate in government tenders. The company is widening its ambit to hybrid RE and green ammonia production. In an interaction with Shreya Jai in New Delhi, A NITHYANAND, chief executive officer (CEO), renewables business (India), Sembcorp Industries, shares the company's plans in India. Edited excerpts:
A NITHYANAND
Committed to long-term investment in India
Sembcorp has been one of the few global independent power producers (IPPs) which stayed the longest in India. What has been your strategy so far?

We have been a key player in India's energy sector since 2008. We have a global renewables portfolio of 14.4 Gw and India plays a central role in our growth strategy. We have built up our renewables portfolio of wind and solar in India to nearly 5 Gw across 13 states with customers in 18 states. We are firm in our commitment to India as a long-term investor.

How does Sembcorp plan to leverage on the renewable opportunities in India?

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