NEW
DELHI, May 2, 2022 /PRNewswire/ -- Azure Power
(NYSE: AZRE), a leading sustainable energy solutions provider and
renewable power producer in India,
announced that it has successfully commissioned its 90 MW solar
power project in Assam, the largest in the state. The 90 MW
capacity is spread across four districts in the state – Udalguri,
Kamrup, Nagaon, and Cachar. The project was commissioned in phases,
with the final 25 MW commissioned in Cachar. The power generated by
the plant is being supplied to Assam Power Distribution Company
Limited under a long term 25-year PPA at a tariff of INR 3.34 (~US
4.4 cents) per KWh.
Following this commissioning, Azure Power now has an operational
capacity of over 2,900 MW of high-performing renewable energy
assets in India.
"We are extremely proud of all our teams, especially those at
the site. They have displayed tremendous dedication, and tenacity
in the face of considerable execution challenges. The project will
go a long way in meeting India's
clean energy objectives," said Pawan Kumar
Agrawal, CFO, Azure Power.
"Government of Assam has the vision to transform Assam into a
sustainably developed state by 2030. Our project is a step forward
in fulfilling this vision of the Government. In addition to meeting
sustainability targets of the state, our project will also help in
creating sustainable ecosystem by generating employment and revenue
opportunities for local population," added Pawan.
About Azure Power
Azure Power is a leading independent sustainable energy
solutions provider, and power producer in India on a mission to create value for all
stakeholders through high-performance Renewable Energy assets.
We developed India's first
utility scale solar project in 2009 and since then, Azure Power has
grown rapidly to become a leader in developing and operating large
utility-scale renewable energy projects in the country.
We also partner with commercial and industrial customers in
their decarbonization journey by providing comprehensive solutions
for their clean energy needs.
For more information about us, visit: www.azurepower.com
Investor Contact:
ir@azurepower.com
Media Contact:
pr@azurepower.com
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SOURCE Azure Power