The 150MW solar power plant represents a portfolio of three projects of 50MW each
Azure Power has commissioned one of the largest (150 MW) solar power project in north India, in the state of Punjab. For this project, Azure Power had signed a solar power implementation agreement with Punjab Energy Development Agency (PEDA) under its Solar Policy Phase III.
The 150MW solar power plant represents a portfolio of three projects of 50MW each. The weighted average tariff on these projects is Rs. 5.63 (US$ 8.5 cents) per kWh and the company will supply power to Punjab State Power Corporation Limited for 25 years.
The solar project spreads across 713 acres of land was commissioned ahead of the contracted scheduled date said the company in a statement. The solar power plant will help in electrifying the nearby areas and will create an estimated 1,000 jobs in the locality.
Speaking on the occasion, Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, “We are pleased to have started 2017 with the early commissioning of our largest project. Our ability to complete projects ahead of schedule and at scale is a testament to our efficiency and reliability as a trusted solar power producer. 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. Our sincere gratitude to the Hon’ble Deputy Chief Minister and the State of Punjab, for all the cooperation and support, extended.”