Saint-Gobain, Sembcorp sign long-term green energy supply deal for India units

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The logo of Saint-Gobain is seen on a banner on a building construction site in the financial and business district of La Defense in Courbevoie, outside Paris, France, February 19, 2018. REUTERS/Gonzalo Fuentes

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NEW DELHI, May 17 (Reuters) - French construction materials giant Saint-Gobain (SGOB.PA) has signed a long-term renewable power supply deal with Singapore-listed Sembcorp (SCIL.SI) for its manufacturing facilities in southern Tamil Nadu state, the companies said on Tuesday.

"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," the companies said in a joint statement.

Under the deal, Sembcorp will supply wind and solar energy to Saint-Gobain through a special purpose vehicle, in which Sembcorp's Indian green energy unit will hold a 74% stake, with the remainder being held by Saint-Gobain, the companies said.

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Reporting by Sudarshan Varadhan; Editing by Kirsten Donovan

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