Azure Power to Construct Solar Plant in India

14 February 2011 (Last Updated February 14th, 2011 18:30)

Azure Power plans to construct a 10MW solar facility in the state of Meghalaya, India, and has identified West Garo Hills and Ri-Bhoi districts as potential sites for the project. The INR1.5bn ($33m) project will be financed by the International Finance Corporation. This firs

Azure Power plans to construct a 10MW solar facility in the state of Meghalaya, India, and has identified West Garo Hills and Ri-Bhoi districts as potential sites for the project.

The INR1.5bn ($33m) project will be financed by the International Finance Corporation.

This first privately-owned solar facility would be built on 15 acres land, to be granted by the Indian Government.

Azure Power Chairman HA Wadhwa said the company has submitted a proposal to the government and would sign a memorandum of understanding and a purchase agreement upon receiving the approval.