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Independent solar power producer Azure Power has announced the commissioning of a 100-megawatt (MW) solar power plant in Telangana. Spread across 500 acres, the project has been set up under the Government’s National Solar Mission Phase-II, Batch-II Tranche-I. The project was auctioned by NTPC, which has a AAA debt rating and is the Government of India’s largest power utility. Azure Power will supply power to NTPC for the next 25 years at a tariff of Rs 4.67 per kWh.
Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power in a statement said, “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.” Azure Power has a portfolio of over 1,600 MWs across several states and union territories.
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