Sembcorp Industries expects substantial income from India
Group opens US$3b power complex in Andhra Pradesh state; Minister Iswaran says prospects still bright in countries like India
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Singapore
SEMBCORP Industries' income from India will be "quite substantial" in the coming years as its investments in the country start operating and it builds up a bigger presence there, said its chief executive Tang Kin Fei.
With the start-up of its US$3 billion power complex in the southern state of Andhra Pradesh, plus the wind and solar power assets it already owns and is building, India will make up more than 3,500 megawatt (MW), or over 30 per cent, of the firm's 10,000 MW power generation portfolio.
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