Azure works on AP solar plant

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has started construction of its 100-megawatt (MW) solar power plant in Andhra Pradesh.

The project is expected to get commissioned by second quarter 2017.

The company has secured land and financing for this project, designated under National Solar Mission for a total capacity of 1,000-MW of solar power projects at Kurnool Ultra Mega Solar Park.

The solar park is being developed by Solar Park Implementation Agency (SPIA), Andhra Pradesh Solar Power Corporation Limited (APSPCL).

The tariff on the project will be INR 5.12/ kWh (US $0.077).

It has a 25-year power supply agreement with NTPC, India’s largest power group.

Speaking on this occasion on Nov 30, 2016, Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, “We have over 200-MW portfolio with proven track record of operating solar power projects in Andhra Pradesh.

“With the commencement of the construction of this 100-MW project, we are delighted to make contribution towards clean and green energy, through solar power generation,” he said. fii-news.com