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22 Apr 2018, Edition - 1013, Sunday

FLASH NEWS:

  • The IMF in the latest World Economic Outlook (WEO) has projected India to grow at 7.4 per cent in 2018 and 7.8 per cent in 2019
  • The proposal demanded death penalty to those raping a child of below 12 years of rape
  • ‘If you can rape then you can’t be a juvenile, I am in favour of this’, says Subramanian Swamy, MP, BJP on PM’s cabinet meeting agenda
  • Mattis has welcomed Japan’s plan to review its National Defence Program Guidelines by year end
  • EXCLUSIVE: Massive protest by Dalit group, thousands protest over the dilution of SC/ST Act, blocks T.N-Karnataka highway
  • 1993 Bombay blast accused’s Parole rejected, Abu Salem’s Parole rejected by jail authorities, Abu Salem sought Parole to get married

Businesswire

Azure Power Commissions 40 MW Project in Uttar Pradesh

by businesswireindia.com

Business Wire India

Azure Power (NYSE: AZRE), one of India’s leading independent solar power producers, announced the commissioning of a 40-megawatt (MW) solar power plant in the state of Uttar Pradesh. Spread across an area of approximately 225 acres, the project has been set up under the government’s National Solar Mission Phase-II Batch-III Tranche III. The project was auctioned by Solar Energy Corporation of India (SECI), a Government of India enterprise which has AA+ debt rating by ICRA, a Moody’s company. Azure Power will supply power to SECI for the next 25 years at a levelized tariff of INR 4.92 (~US 7.7 cents) per kWh, which is inclusive of Viability Gap Funding (VGF).
 
Uttar Pradesh is the most populous state in India and has a large peak energy supply deficit, according to the Central Electricity Authority. In addition, CRISIL projects that over 10 million unelectrified households will be connected by 2019. Azure Power is one the largest solar developers in Uttar Pradesh and built the first utility-scale solar project in Uttar Pradesh in 2015.

Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “With the commissioning of this plant, we have once again demonstrated our strong project development, engineering, and execution capabilities. We are delighted to make a contribution towards the realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation. Our sincere gratitude to SECI and the state of Uttar Pradesh for all the cooperation and support extended. Source: Businesswire
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