Monthly Archives: December 2016

Azure Power(s) Delhi Metro Rail Corporation Rooftops with Solar Energy

Azure Power(s) Delhi Metro Rail Corporation Rooftops with Solar Energy

New Delhi, Delhi, India – Business Wire India

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced the successful installation and operation of its rooftop solar power plant for Delhi Metro Rail Corporation (DMRC) at the Sultanpur facility. This is the first phase of a 14 MW allocation by DMRC to Azure Power, one of the largest by DMRC to a solar power developer. The tariff on the project is INR 5.55 per kWh (US$ 0.083), with a total subsidy of INR 167.4 million (US$ 2.514 million). The company will supply power for 25 years which will be utilized for DMRC’s operations. The 14 MW project will be completed in phases and will cover several metro stations, workshops and parking lots.

Commenting on the occasion, Anup Kumar Gupta, Director (Electrical), DMRC said, “Delhi Metro Rail Corporation has taken a number of Green initiatives and steps to reduce its carbon footprint. The power generated from solar energy will not only fulfill our energy requirements but will also help in making the city cleaner and greener. DMRC has signed a PPA for 25 years with Azure Power to help us in this endeavour.”

Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, “Azure has unique rooftop solar power solutions for infrastructure, commercial and industrial customers in cities across India to lower their energy cost and meet their greenhouse gas (GHG) emission reduction targets. We are pleased to partner with DMRC in reducing their GHG emissions through deployment of solar energy in their facilities across the capital city of New Delhi.”

Azure has a portfolio of over 1,000 MW with an excellent record in setting up and operating solar power plants, be it utility scale or commercial rooftop projects. Azure Power has a vast experience in delivering solar power projects, from the construction of India’s first private utility scale solar PV power plant in 2009, implementation of the first MW scale rooftop under the smart city initiative in 2013, to the largest solar plant (100 MW) under India’s National Solar Mission (NSM) policy in Jodhpur, Rajasthan. Azure has a portfolio of 500+ rooftops across 10 states under various stages for its customers, which include the country’s largest commercial real estate developer, and a leading global chain of premium hotels.

About Azure Power

Azure Power (NYSE: AZRE) is a leader in the Indian Solar Industry. Azure Power developed India’s first utility scale solar project in 2009 and has been at the forefront of developments in the sector as a developer, constructor and operator of utility scale and rooftop solar projects since its inception in 2008. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power manages the entire development and operation process, providing low-cost solar power solutions to customers throughout India.

For more information, visit: www.azurepower.com

Photo Caption: Azure Power Rooftop Solar Power Plant at Delhi Metro Rail Corporation

Azure Power Commences Construction of 100 MW NTPC Project in Andhra Pradesh

Azure Power Commences Construction of 100 MW NTPC Project in Andhra Pradesh

New Delhi, Delhi, India – Business Wire India

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has announced that it has started the construction of its 100-megawatt (MW) solar power plant in Andhra Pradesh. The Company has secured land and financing for this project. The project was auctioned by NTPC, Government of India’s largest power utility, designated under National Solar Mission for a total capacity of 1000 MW 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 100 MW 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.”

Azure has a portfolio of over 1000 MW with an excellent record in setting up and operating solar power plants, be it utility scale or commercial rooftop projects. The company has a vast experience of delivering solar power projects, from the construction of India’s first private utility scale solar PV power plant in 2009 to the implementation of the first MW scale rooftop under the smart city initiative in 2013 to the largest solar plant (100 MW) under India’s National Solar Mission (NSM) policy in Jodhpur, Rajasthan.

About Azure Power

Azure Power (NYSE: AZRE) is a leader in the Indian Solar Industry. Azure Power developed India’s first utility scale solar project in 2009 and has been at the forefront of developments in the sector as a developer, constructor and operator of utility scale and rooftop solar projects since its inception in 2008. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power manages the entire development and operation process, providing low-cost solar power solutions to customers throughout India.

For more information, visit: www.azurepower.com

Photo Caption: Azure Power Solar Power Plant, Jodhpur, Rajasthan | 100 MW

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