Leading solar power producing comapny Azure Power commissioned the final phase of its 50 megawatt (MW) solar power plant in the state of Uttar Pradesh. The 50 MW project is spread across 300+ acres of area. The company has announced this move through recent press release dissemination.
This solar power plant by Azure will supply power for 25 years at a tariff of INR 4.78 (~US$ 0.07) per kWh to National Thermal Power Corporation(NTPC), the largest power utility of the Government of India. Azure Power secured the 50 MW PPA through an auction under the National Solar Mission Phase II, Batch-II Tranche I.
Uttar Pradesh is the most populous state in India and has a large peak energy supply deficit, according to the Central Electricity Authority. In addition, CRISIL projects that over 10 million unelectrified households will be connected by 2019. Azure Power is one the largest solar developers in Uttar Pradesh and built the first utility-scale solar project in Uttar Pradesh in 2015.
Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power, stated: “With the commissioning of this plant, 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. Our sincere gratitude to NTPC and the state of Uttar Pradesh for all the cooperation and support extended.”