Azure Power has commissioned the final phase of its 50 megawatt (MW) solar power plant across 300+ acres of land in Uttar Pradesh state, India.
Azure Power will provide power for 25 years at a tariff of INR 4.78 (~US$ 0.07) per kWh to NTPC, the largest power utility of the Government of India. Azure Power secured the 50 MW PPA through an auction under the National Solar Mission Phase II, Batch-II Tranche I.
According to CRISIL, over 10 million unelectrified households in Uttar Pradesh, the most populous state in India, will be connected by 2019. Azure Power built the first utility scale solar project in Uttar Pradesh in 2015.
“With the commissioning of this plant, we have demonstrated our strong project development, engineering, and execution capabilities,” said Inderpreet Wadhwa, founder, chairman and chief executive officer, Azure Power.
Azure Power has a portfolio of over 1,000 MWs across 22 states / union territories. With over 150 MWs of high quality solar rooftop assets, the company has one of the largest rooftop portfolios in the country.