Latest news with #Sembcorp
Japan Times
4 days ago
- Business
- Japan Times
Marubeni boosts power role in Singapore by raising Senoko stake
Marubeni has raised its stake in Senoko Energy to 50%, after acquiring shares in the Singaporean power generator's holding company. The trading house said in a statement on Wednesday it increased its stake from 30% after buying the shares in Lion Power 2008 from its Japanese co-investors. Financial terms weren't disclosed. Following the acquisition, Marubeni will jointly hold Senoko with Singapore's Sembcorp Utilities. "Marubeni will become more actively involved in the management of Senoko than previously and, together with Sembcorp, will continue to contribute to the stable supply of electricity in Singapore,' it said. Sembcorp had pledged in April to raise its stake in Senoko to as much as 70%, subject to Marubeni's plans. The Japanese investors that sold their stakes to Marubeni were Kyushu Electric Power, Kansai Electric Power and Japan Bank for International Cooperation.
Bloomberg
4 days ago
- Business
- Bloomberg
Marubeni Boosts Power Role in Singapore by Raising Senoko Stake
Japan's Marubeni Corp. has raised its stake in Senoko Energy Pte to 50%, after acquiring shares in the Singaporean power generator's holding company. The trading house said in a statement on Wednesday it increased its stake from 30% after buying the shares in Lion Power 2008 Pte from its Japanese co-investors. Financial terms weren't disclosed. Following the acquisition, Marubeni will jointly hold Senoko with Singapore's Sembcorp Utilities Pte.
Time of India
12-06-2025
- Business
- Time of India
Sembcorp secures 50MW RTC project from SECI; to deploy 300MW renewable capacity
New Delhi: Sembcorp Industries , through its wholly-owned subsidiary Sembcorp Green Infra Private Limited (SGIPL), has been awarded a 50MW Round-the-Clock (RTC) renewable energy project by Solar Energy Corporation of India Ltd ( SECI ) as part of its 1.2GW tender for RTC power from Inter State Transmission System (ISTS)-connected projects. To fulfil the RTC power obligations under the contract, Sembcorp will deploy approximately 300MW of installed renewable capacity comprising solar, wind and battery energy storage systems (BESS). The project will be developed on a build-own-operate basis. With this award, Sembcorp's gross renewables capacity in India will exceed 6.5GW. Globally, the company's total renewables portfolio has reached 18.0GW, including acquisitions that are pending completion. Subject to the execution of a 25-year power purchase agreement (PPA) with SECI, the project will deliver RTC renewable power supported by BESS. The project is expected to achieve commercial operations within 24 months from the date of signing the PPA. It will be funded through a combination of internal accruals and external debt. The company said the project award is not expected to have a material impact on its earnings per share or net tangible assets per share for the financial year ending December 31, 2025.
Business Times
12-06-2025
- Business
- Business Times
Sembcorp's renewables unit wins 50MW round-the-clock power project from Indian public sector company
[SINGAPORE] Sembcorp Industries on Thursday (Jun 12) announced that its wholly owned renewables subsidiary Sembcorp Green Infra was awarded a 50 megawatt (MW) round-the-clock power project from Solar Energy Corporation of India (SECI), an Indian public-sector company. Under the build-own-operate project, Sembcorp will integrate around 300 MW of installed capacity that comprises solar and wind energy as well as battery energy storage solutions, to meet a contracted capacity. Once the project is complete, it will then supply round-the-clock renewable power, supported by battery energy storage solutions, to SECI. This is subject to the execution of a 25-year power purchase agreement with SECI. The project is expected to be ready for commercial operations within 24 months from the date the agreement is signed, Sembcorp said. It will be financed through a mix of internal funds and debt. With the project, Sembcorp will expand its renewables capacity in India to more than 6.5 gigawatts (GW). The group said its global renewables portfolio has reached 18 GW, including acquisitions pending completion. Sembcorp said the award of the project is not expected to have material impact on its earnings per share and net tangible assets per share for the fiscal year ending December. Shares of Sembcorp were trading 0.3 per cent or S$0.02 higher at S$6.77 as at 12.58 pm on Thursday.
Business Times
12-06-2025
- Business
- Business Times
Sembcorp's renewables unit wins round-the-clock power project from Indian public sector company
[SINGAPORE] Sembcorp Industries on Thursday (Jun 12) announced that its wholly owned renewables subsidiary Sembcorp Green Infra was awarded a round-the-clock power project from Solar Energy Corporation of India (SECI), an Indian public-sector company. Under the build-own-operate project, Sembcorp will integrate around 300 megawatts of installed capacity that comprises solar and wind energy as well as battery energy storage solutions, to meet a contracted capacity. Once the project is complete, it will then supply round-the-clock renewable power, supported by battery energy storage solutions, to SECI. This is subject to the execution of a 25-year power purchase agreement with SECI. The project is expected to be ready for commercial operations within 24 months from the date the agreement is signed, Sembcorp said. It will be financed through a mix of internal funds and debt. With the project, Sembcorp will expand its renewables capacity in India to more than 6.5 gigawatts (GW). The group said its global renewables portfolio has reached 18 GW, including acquisitions pending completion. Sembcorp said the award of the project is not expected to have material impact on its earnings per share and net tangible assets per share for the fiscal year ending December. Shares of Sembcorp were trading 0.3 per cent or S$0.02 higher at S$6.77 as at 12.58 pm on Thursday.
