Azure Power commissions largest solar power project in North IndiaStaff Writer | January 4, 2017
Azure Power has commissioned the largest (150 MW) solar power project in north India, in the state of Punjab.
Solar energy in Asia Punjab Energy Development Agency
The 150MW solar power plant represents a portfolio of three projects of 50MW each. The weighted average tariff on these projects is INR 5.63 (US$ 8.5 cents) per kWh and the company will supply power to Punjab State Power Corporation Limited for 25 years.
Spread across 713 acres of land in Punjab, the project was commissioned ahead of the contracted scheduled date.
By leasing project land, Azure Power has created discretionary long term cash flow for the local community.
The solar power plant will help in electrifying the nearby areas and will create an estimated 1,000 jobs in the locality.
Azure Power has a long history of operating solar power plants in India and currently maintains a leading position in the state of Punjab.
Starting with the Awan 2MW project in 2009, Azure Power now has a total solar portfolio of 225 MW in the state, currently making it the largest owner and operator of solar power plants in Punjab. ■