Azure Power announced it has won 11.2MW and 600KW rooftop solar power projects in bids conducted by Madhya Pradesh Urja Vikas Nigam Limited and Indraprastha Power Generation Company Ltd respectively. Azure Power will provide power for 25 year to various Government establishments in Madhya Pradesh and Delhi which will be spread across approx 600 project sites. Azure Power qualifies for a capital incentive which results in a weighted average levelized tariff of INR 4.50 (~US 6.6 cents) per kWh for the MPUVNL project and a weighted average levelized tariff of INR 5.91 (~US 8.6 cents) per kWh for the IPGCL project.
Speaking on this occasion, Mr Vishal Jain, DGM, Azure Roof Power said "We are pleased to partner with IPGCL, MPUVNL and World Bank for these projects. With these wins, we have once again demonstrated our strong project development, engineering, and execution capabilities. We are delighted to make this contribution towards the realization of our Hon'ble Prime Minister's commitment towards clean and green energy, through solar power generation."