Sembcorp Grows Its Renewable Energy Operations in Hebei Province of China
April 15, 2015
- An additional 150-megawatt wind farm in Laoshibeihe obtains governmental approval
- The 48-megawatt wind farm in Jiedijianhe commences operation
Sembcorp Industries (Sembcorp) continues its growth momentum in the renewable energy business. In China, the company’s renewable energy business is expanding in Huanghua, Hebei province, with the development of two wind farms. Its proposal to build a 150-megawatt wind farm in Laoshibeihe was approved by the Hebei Development and Reform Commission while another wind farm with 48 megawatts power capacity in Jiedijianhe commenced operation.
Through its 49%-owned joint venture with Guohua Energy Investment Co, Sembcorp’s investments in the two farms bring its total wind power capacity in Huanghua to 297 megawatts. When fully operational, the company’s wind power operations in Huanghua will reduce approximately 650,000 tonnes of carbon dioxide emissions per annum, further enhancing the clean energy supply in the Beijing-Tianjin-Hebei region.
Sembcorp will be commencing the construction of the approximately RMB1.3 billion (S$0.3 billion) wind farm in Laoshibeihe this year. Sembcorp’s share of the equity investment will amount to around RMB 0.2 billion (approximately S$45 million), which will be funded through a mix of internal and external borrowings. The project is expected to be completed by the second half of 2017. The RMB455 million (approximately S$94 million) wind farm in Jiedijianhe has begun supplying power to the Hebei South grid. Twenty four wind turbines with power capacity of 2,000 kilowatt each were installed. Sembcorp currently has a total of 446 megawatts wind power capacity in operation and under development in the country.
Sembcorp has a growing international renewable energy portfolio of over 1,200 megawatts, comprising wind, solar, energy-from-waste and biomass power assets in Singapore, China, India and the United Kingdom.
The projects are not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending December 31, 2015.
- END -
For media and analysts’ queries, please contact:
Media
Jody Phang (Ms)
Senior Manager
Group Corporate Relations
DID: +65 6723 3180
Email: [email protected]
Analysts
Aleve Co (Ms)
Senior Manager
Group Corporate Relations
DID: +65 6723 3178
Email: [email protected]
ABOUT SEMBCORP INDUSTRIES
Sembcorp Industries is a leading energy, water and marine group operating across six continents worldwide. With facilities of over 8,000 megawatts of gross power capacity and over nine million cubic metres of water per day in operation and under development, Sembcorp is a trusted provider of essential energy and water solutions to both industrial and municipal customers. It is also a world leader in marine and offshore engineering as well as an established brand name in urban development
The Group has total assets of over S$17 billion and employs over 8,000 employees. Listed on the main board of the Singapore Exchange, it is a component stock of the Straits Times Index and several MSCI and FTSE indices.
ABOUT SEMBCORP IN CHINA
Sembcorp has invested in the China market for around two decades. From renewable energy and high-efficiency power generation facilities, innovative water and wastewater treatment solutions, as well as sustainable, self-sufficient urban developments, Sembcorp’s presence spans 15 provincial regions across the country.
The Group has established itself as a leader in the industrial water and wastewater treatment business in China and has over 20 power and water assets across 11 provincial regions. Sembcorp’s current energy portfolio in China includes a gas-fired power plant in Shanghai, wind power plants in Inner Mongolia and Hebei, as well as a stake in cooperative joint venture in a coal-fired power plant in Shanxi.