Azure Power announced that it has won a 130MW solar power project which was recently auctioned by Maharashtra State Electricity Distribution Company Limited.
Azure Power will sign a 25 years Power Purchase Agreement with MSEDCL, at a tariff of INR 2.72 (~US$ 0.04) per kWh. The project is expected to be developed by Azure Power outside a solar park and is expected to be commissioned in 2019.
Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, "We are pleased to announce our win in Maharashtra and with this, we continue to demonstrate our strong project development, engineering, and execution capabilities and are delighted to make this contribution towards realization of our Hon’ble Prime Minister's commitment towards clean and green energy, through solar power generation."
