Azure forays into rural Jharkhand
Mini and micro grid development across India would be used to achieve the ‘Saubhagya’ scheme for which the government has sanctioned Rs.160 billion (~US$ 2.5 billion) to help achieve the electrification of 30 million households across the country by March 2019.
This mini and micro grid concept is being used by Azure Power (NYSE: AZRE) which is making foray into rural electrification in the eastern state of Jharkhand where more than three million households are unelectrified.
Azure Power has won a project to electrify 320 households across 11 villages through development of mini and micro grids.
It is part of the projects recently awarded by the Jharkhand Renewable Energy Development Agency (JREDA).
JREDA has awarded projects for design, supply, installation, commissioning and operation for 5 years of decentralised distributed solar PV power plants along with power distribution networks to the unelectrified households.
Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said “Azure Power aims to bridge the energy access gap in India through its low-cost and reliable solar power solutions.
“With the launch of Azure M-Power for electrification of villages across India, we are delighted to make a contribution towards the realization of Prime Minister Narendra Modi’s commitment towards 24×7 power for all.” fii-news.com
