India based Solar Power Company Azure Power has held a 130MW solar power project in Maharashtra.
This project was auctioned by Maharashtra State Electricity Distribution Company (MSEDCL), which supplies electricity to approx 22 million consumers in Maharashtra.
The company will sign a power purchase contract (PPA) with MSEDCL for 25 years, at a tariff of $0.04 per kilowatt-hour (kWh).
Azure Power founder, chairman and CEO Inderpreet Wadhwa said: “We are delighted to announce our new 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 assurance towards clean and green energy development, through solar energy generation.”
The project is to be urbanized outside a solar park and commissioned by the next year.
With the power project contract, Azure Power now has a range of 470MW in the state with Gujarat Urja Vikas Nigam (GUVNL).
The company has been increasing and operating solar power plants under the Gujarat Solar Policy 2009.
The Company Founded in 2008, Azure Power is engaged in the development and construction of solar projects of varying sizes, ranging from utility-scale to microgrids.
The company constructed India’s first private utility-scale solar PV power plant in 2009 and implemented the first MW scale rooftop project under the smart city initiative in 2013.
News Source From Power-Technology