Developer Azure Power has commissioned its largest solarpower project in the Indian state of Punjab, with a capacity of 150 megawatts (MW).
The project is the result of a solarpower implementation agreement signed by Azure Power under its Solar Policy Phase III with Punjab Energy Development Agency (PEDA).
Azure Power's founder and chief executive officer (CEO) Inderpreet Wadhwa said: “We are pleased to have started 2017 with the early commissioning of our largest project.
“Our ability to complete projects ahead of schedule and at scale is a testament to our efficiency and reliability as a trusted solarpower producer.
“We continue to demonstrate our strong project development, engineering, and execution capabilities and are delighted to make this contribution towards realisation of our Honourable Prime Minister’s commitment towards clean and green energy, through solar power generation.”
The new plant constitutes a portfolio of three projects each with a capacity of 50MW. The company noted that the weighted average tariff on these projects is INR 5.63 ($0.083) per kWh and Azure Power will supply Punjab State Power Corporation for 25 years.
The project occupies 713 acres of land and will cater to power requirements of the local community, while generating an estimated 1,000 jobs within the community.