Azure Power announced that it has won the 75MWs solar power project in the North Eastern region of India. Azure Power will sign a 25 year Power Purchase Agreement with Assam Power Distribution Company Limited at a weighted average tariff of INR 3.37 (~US cents 5.2) per kWh. The project will be developed by Azure Power outside a solar park and is expected to be commissioned in 2019.
Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, "We are pleased to announce our win in Assam and with this, we continue to demonstrate our strong project development, engineering, and execution capabilities. We are delighted to make this contribution towards the realization of our Hon'ble Prime Minister's commitment towards clean and green energy, through solar power generation."