Azure Power wins 160 Mw solar project in UP auction quoting tariff of Rs 3.55/unit
New Delhi: Azure Power, New Delhi-based independent solar power producer, today announced it has won a 160 Megawatt (Mw) solar power project in Uttar Pradesh in the latest auction conducted by Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA).
Azure Power will sign a 25-year power purchase agreement with Uttar Pradesh Power Corporation Limited (UPPCL) at a tariff of Rs 3.55 per kWh, around 45 per cent higher than the lowest tariff bid for a solar project in the country.
The project is expected to be commissioned in 2019 and developed outside a solar park. With this win, Azure Power’s solar portfolio stands at 260 Mw in UP. The company has a portfolio of 2,000 Mw capacity projects in India.
Mozaffar EtezadiFar
Founder at Energykade
Mozaffar owns degrees in electrical engineering as BSc and power management as MSc. He has worked in fields of energy and e-commerce. He believes that energy and IT can help each other to save more energy and our planet. So here is energykade...
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