Azure Power commissions 150-MWs in Northern India under agreement with Punjab Energy Development Agency

Written By: Stratton Report
January 3, 2017

Azure power

On January 3, Indian developer Azure Power announced that it had commissioned a 150-MW solar power project in the state of Punjab.

For this project, which the firm described as the largest solar installation in Northern India, Azure Power has a solar power implementation agreement with Punjab Energy Development Agency under its Solar Policy Phase III. The 150-MW agreement covered a portfolio of three projects of 50-MWs.

Per Azure, the weighted average tariff on these projects is INR 5.63 ($ 8.5 cents) per kWh and the company will supply power to Punjab State Power Corporation Limited for 25 years.

Azure power leased the project land.

Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power noted:

“We are pleased to have started 2017 with the early commissioning of our largest project. Our ability to complete projects ahead of schedule and at scale is a testament to our efficiency and reliability as a trusted solar power producer. We continue to demonstrate our strong project development, engineering, and execution capabilities and are delighted to make this contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation. Our sincere gratitude to the Hon’ble Deputy Chief Minister and the State of Punjab, for all the cooperation and support extended.”

Azure Power claims a total solar portfolio of 225-MWs in Punjab, and the status as the largest owner and operator of solar power plants in Punjab.