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Plant to be commissioned in 2019

*Source: Azure which is undertaking Bhadla Solar Park project.*

Azure Power (NYSE: AZRE) has won a 200 megawatt (MW) solar power project through an auction conducted by Solar Energy Corporation of India (SECI).

Azure Power will sign a power purchase agreement with SECI to supply power at a tariff of Rs.2.48 (~US$ 0.04) per kWh for 25 years. The solar plant will be set up at Bhadla Solar Park in Rajasthan and is likely to be commissioned in 2019.

The 200 MW allocation is the largest by SECI in this auction, 80% of the total.

Azure Power has a long history of developing and operating solar power plants with SECI.

In 2015, Azure Power developed a 100 MW solar power plant outside a solar park in the state of Rajasthan, which was SECI’s first allocation and the largest solar power project under India’s National Solar Mission at commissioning.

Today, Azure Power stands with over a 400 MW portfolio with SECI. fii-news.com