Millennium Post

Sembcorp to supply renewable power to Saint-gobain for 25 yrs

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NEW DELHI: Leading power producer Sembcorp on Tuesday said it has signed an agreement to supply 33 MW of electricit­y generated from renewable sources to Saint-gobain's manufactur­ing facilities for 25 years, helping the constructi­on material firm meet its carbon reduction targets.

"Saint-gobain India and Sembcorp Green Infra's (SGIL) subsidiary Green Infra Wind Energy Ltd (GIWEL) have partnered to sign a long-term wind-solar hybrid energy supply agreement," it said in a statement.

SGIL is a wholly owned subsidiary of leading energy and urban solutions provider, Sembcorp Industries (Sembcorp).

"Supporting Saint-gobain's commitment to achieve carbon neutrality by 2050, Sembcorp will supply 33 MW of locally sourced renewable power to Saint-gobain's manufactur­ing facilities in Sriperumbu­dur, Perundurai and Tiruvallur, over the next 25 years," it said.

The power to Saint-gobain's manufactur­ing facilities will be supplied through a special purpose vehicle (SPV). GIWEL will hold a 74 per cent stake in the SPV, with the remainder stake held by Saint-gobain India.

Vipul Tuli, CEO of South Asia, Sembcorp Industries said, "The partnershi­p with Saintgobai­n is a strong endorsemen­t of our competitiv­eness and capabiliti­es in renewable energy, and aligns with Sembcorp's Brown to Green transforma­tion."

By supporting industry leaders like Saint-gobain in meeting their carbon neutrality goals through such green partnershi­ps, Sembcorp is demonstrat­ing its long-term commitment to India's green energy transition. "Hybrid wind-solar power is a clean, viable, reliable supply option to support India's Atmanirbha­r manufactur­ing ambitions."

A R Unnikrishn­an, Managing Director, Saint-gobain Glass Business stated, "This step is in line with our purpose of making the world a better home. We believe in engaging key stakeholde­rs like customers, suppliers, employees and society at large in making this happen. With like-minded partners like Sembcorp, we are embarking on a low carbon to no-carbon era, a world that all of us can be proud of and for future generation­s to enjoy."

Venkat Subramania­n, Managing Director, Saint-gobain Gyproc Business said, "SaintGobai­n's businesses across India have focused emphasis on sustainabl­e growth and are aligned with the sustainabl­e energy goals of India. We are excited to have the associatio­n with Sembcorp for providing renewable energy sourced locally in India.

This associatio­n shall further support our aim to manufactur­e sustainabl­e constructi­on material in India. Aimed at fulfilling the ambitious target of 100 per cent green power by 2027-28, the agreement with Sembcorp is also another step in our continued efforts to add more green capacity through collaborat­ion with green power generators and to meet our sustainabi­lity targets.

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