NEW DELHI--(BUSINESS WIRE)--
Azure Power (NYSE:AZRE), a leading solar power producer in India,
announced that it has commissioned a 130 MW solar power project in
Chitradurga district, Karnataka under the Karnataka Solar Policy
2014-2021. With this commissioning, Azure Power is now the largest
operator of solar power plants in Karnataka.
Azure Power has a contract to supply power for 25 years to
Chamundeshwari Electricity Supply Company Limited, Hubli Electricity
Supply Company Limited and Gulbarga Electricity Supply Company Limited
at a tariff of INR 6.51 (~ USD 10.0 cents) per kWh. The project is
divided in three sub-projects of 50MWs, 40MWs and 40MWs each and is
spread across approximately 668 acres of land. The solar power project
will help in electrifying the nearby areas and will create an estimated
600+ local jobs.
Commenting on the occasion, Inderpreet Wadhwa, Founder and Chief
Executive Officer, Azure Power said, “With the commissioning of this
plant, we now have a 150 MW portfolio and proven track record of
operating solar power projects in Karnataka. We have once again
demonstrated our strong project development, engineering, and execution
capabilities. We are delighted to make a contribution towards the
realization of our Hon’ble Prime Minister’s commitment towards clean and
green energy, through solar power generation.”
About Azure Power
Azure Power (NYSE: AZRE) a leading solar power producer in India, with a
total portfolio of over 1000 MW, across 15 states. It has developed,
constructed and operated solar projects of varying sizes, from utility
scale to rooftop, since its inception in 2008. Azure Power has a strong
track record in delivering solar power projects, from the construction
of India’s first private utility scale solar PV power plant in 2009,
implementation of the first MW scale rooftop under the smart city
initiative in 2013, to the largest solar plant (100 MW) under India’s
National Solar Mission (NSM) policy in Jodhpur, Rajasthan. With its
in-house engineering, procurement and construction expertise and
advanced in-house operations and maintenance capability, Azure Power
manages the entire development and operation process, providing low-cost
solar power solutions to customers throughout India.
For more information, visit: www.azurepower.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20170328006397/en/
Azure Power Global Ltd
Investors
Nathan Judge
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Investor
Relations, Azure Power
or
Media
Samitla Subba,
+91-11- 4940 9800
[email protected]
Marketing,
Azure Power
Source: Azure Power Global Ltd
