Azure Power has won 11.2 MW and 600 KW rooftop solar power projects in bids conducted by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) and Indraprastha Power Generation Company Ltd (IPGCL) respectively. Azure Power will provide power for 25 years to various Government establishments inbMadhya Pradesh and Delhi which will be spread across approximately 600 project sites. Azure Power qualifies for a capital incentive which results in a weighted average levelised tariff of INR 4.50 (~US 6.6 cents) per kWh for the MPUVNL project and a weighted average levelized tariff of INR 5.91 (~US 8.6 cents) per kWh for the IPGCL project.
For the bid tendered by MPUVNL, World Bank is the technical partner which provided pre-identified project sites with technical due diligence. Azure Power’s win of 11.2 MW is the largest allocation in the bid, which includes approximate 90 per cent of the total project sites allocated and covers Government Buildings. Azure Roof Power offers superior rooftop solar power solutions for commercial, industrial, government, and institutional customers in cities across India to lower their energy bill and meet their greenhouse gas (GHG) emission reduction targets. With over 200 MWs of high quality, operating and committed solar assets across 23 states, Azure Roof Power has one of the largest rooftop portfolios in the country.
