Azure Power has started the construction of its 100-megawatt (MW) solar power plant in Andhra Pradesh and expects to complete it during the second quarter of 2017.
The solar energy company has secured land and financing for this project. The project was auctioned by NTPC, designated under National Solar Mission for a total capacity of 1000 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 has been fixed at Rs 5.12/ kWh and the company will supply power to NTPC for a duration of 25 years. The project is expected to get commissioned by second quarter 2017.
Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, “We have over 200 MW portfolio 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.”
Azure has a portfolio of over 1000 MW and draws upon from vast experience of delivering solar power projects from the construction of India’s first private utility scale solar PV power plant in 2009 to the implementation of the first MW scale rooftop under the smart city initiative in 2013. It has also set up the largest solar plant of 100 MW under the National Solar Mission policy in Jodhpur, Rajasthan.