Azure Power has announced that it has started the construction of its 100MW solar power plant in Andhra Pradesh. The Company has secured land and financing for this project. The project was auctioned by NTPC, designated under National Solar Mission for a total capacity of 1000MW of solar power projects at Kurnool Ultra Mega Solar Park. The solar park is being developed by Solar Park Implementation Agency (SPIA), Andhra Pradesh Solar Power Corporation Limited (APSPCL).
The tariff on the project will be INR 5.12/ kWh (US $0.077) and the company will supply power to NTPC for a duration of 25 years. The project is expected to get commissioned by second quarter 2017.
Speaking on this occasion, Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, "We have over 200MW portfolio with proven track record of operating solar power projects in Andhra Pradesh. With the commencement of the construction of this 100MW project, we are delighted to make contribution towards realization of our Hon'ble Prime Minister's commitment towards clean and green energy, through solar power generation. Our sincere gratitude to NTPC and the State of Andhra Pradesh, for all the cooperation and support extended."