Azure Power Commissions Largest North Indian Solar Power Project (150MW) (Download PDF)

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Azure Power is a leading solar power producer in India. It has commissioned the largest (150 MW) solar power project in north India. It has signed a solar power implementation agreement with Punjab Energy Development Agency (PEDA) under its Solar Policy Phase III.

Azure power completes solar project

Azure Power Completes Solar Project

Azure power completes solar project

Highlights of the Project

  • The project consists of three facilities of 50 MW each.
  • It was implemented under Punjab Energy Development Agency’s (PEDA) Solar Policy Phase III.  
  • Octroi: on energy generation and NRSE devices/ equipment/ machinery for NRSE Power Projects shall be exempted.
  • Exemption from Electricity duty: The Power Generation from NRSE projects shall be exempted from levy of Electricity Duty.
  • Spread across 713 acres of land in Punjab.
  • It will create an estimated 1,000 jobs in locality.
  • Azure Power will supply power from the portfolio to Punjab State Power Corp Ltd for 25 years at a weighted average tariff of INR 5.63 (USD 0.083/EUR 0.079) per kWh.
  • The project was commissioned in December.
  • it is now the largest owner and operator of solar power plants in Punjab
  • It is having a total solar portfolio of 225 MW in the state.  
  • India has now reached 9.6 GW of cumulative installed solar power capacity, including both large plants and rooftop installations.
  • It is expected to install more than 9 GW in 2017.
 Logo of Azure Power

Logo of Azure Power

Logo of Azure Power

About Azure Power

  • Type: Public
  • Traded as - NYSE: AZRE
  • Industry Solar energy
  • Founded 2008; 9 years ago
  • Founder : Inderpreet Wadhwa
  • Headquarters : Delhi, India
  • Number of employees : 360
  • Azure Power has a strong track record in delivering solar power projects.
Image of How solar works

Image of How Solar Works

Image of How solar works

Benefits of Using Solar Energy

  • It reduces Respiratory and Cardio health issues
  • It creates Clean, Renewable Power from the sun and Benefits the Environment
  • One home installing a solar energy system can have a measurable effect on environment.
Key benefits of using solar energy

Key Benefits of Using Solar Energy

Key benefits of using solar energy

- Published/Last Modified on: January 8, 2017

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