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Sembcorp Energy India wins bid to supply 250MW

Star Business Report
Sembcorp Energy India Ltd, through its wholly-owned subsidiary Sembcorp Gayatri Power Ltd, has won a competitive bidding to supply 250 megawatt of electricity to Bangladesh for 15 years.
In a statement, Sembcorp Energy said Sembcorp Gayatri has received letters of intent from Bangladesh Power Development Board (BPDB) confirming its success in both the
short-term and long-term bids.
The supply of power is expected to commence soon upon completion of procedural requirements and relevant government approvals, it said.
An official of BPDB also confirmed that they have sent the letters of intent to the Indian firm.
Vipul Tuli, managing director of Sembcorp Energy India, said, "We are pleased to have emerged as the successful bidder and look forward to commencing supply of power at a tariff that
is attractive for Bangladesh and sustainable for Sembcorp."
"This bid fits into Sembcorp Energy India's strategy of providing cost-competitive and reliable power." Neither the Sembcorp statement nor the BPDB official disclosed the tariff.
The agreement will be signed within two months and the Indian company will start supplying power within a week of the signing of the deal, said the BPDB official.
Sembcorp Energy India owns and operates a portfolio of both thermal and renewable energy assets totalling about 4.37 gigawatts' capacity in operation and under construction.
Sembcorp Gayatri is part of Sembcorp Energy India's thermal power portfolio, which comprises two supercritical power plants in Nellore, Andhra Pradesh with a combined capacity of2,640MW.
BPDB published a re-tender in February this year, seeking bids from India'spowerplant owner, supplier or trader.
The winner will have to supply power up to Baharampur substation in Murshidabad, India, and the power will then be transferred to Bheramara Grid Station in Kushtia by the Power Grid Corporation of India and the Power Grid Company of Bangladesh.
The Sembcorp Croup is also part of a consortium constructing the Sirajganj Unit 4 power project in Bangladesh, with a contracted capacity of426MW, according to Reuters. It aims to achieve full commercial operations in 2019, Sembcorp said.