Analysts positive on Sembcorp's long-term PPA with the state of Andhra Pradesh - Printable Version
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Analysts positive on Sembcorp's long-term PPA with the state of Andhra Pradesh - Levin - 14-01-2022
Felicia Tan Published on Fri, Jan 14, 2022 / 12:19 AM GMT+8 / Updated 7 hours ago
Analysts from CGS-CIMB Research and Citi Research are keeping “add” and “buy” on Sembcorp Industries after the company announced, on Jan 4, that it had inked a 12-year long-term power purchase agreement (PPA) with Andhra Pradesh’s state DISCOM for its Plant 2.
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“We believe this latest PPA will improve the profitability of Plant 2 with 66% of capacity now contracted under long-term PPA. Also importantly, this should alleviate key risk of asset impairment,” he writes in a Jan 5 report.
Details of analysis at: https://www.theedgesingapore.com/capital/brokers-calls/analysts-positive-sembcorps-long-term-ppa-state-andhra-pradesh