25-year power supply begins
Azure Power (NYSE: AZRE) has commissioned a 100-megawatt (MW) solar power plant in the state of Telangana, supplying power for the next 25 years at a tariff of INR 4.67 (~USD 0.07) per kWh.
Setup under the government’s National Solar Mission Phase-II, Batch-II Tranche-I, 500-acre project was auctioned by NTPC Ltd.
“Telangana’s continued reliance and faith in solar energy has successfully transformed it into one of the largest solar power producing states in the country,” said Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power. fii-news.com
