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.
Latest posts by Mozaffar EtezadiFar (see all)
- Exports slip 0.8% in December 2020; trade deficit widens to USD 15.71 billion - 2nd January 2021
- After NCLAT, NCLT now also dismisses appeal of Hindustan Oil Exploration Company - 29th December 2020
- Behind the scenes: What led to Cyrus Mistry ouster - 25th December 2020