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Azure Power signs initial agreement with the Rajasthan govt

Tuesday, 23 Dec 2014
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Azure Power has signed an initial agreement with the Rajasthan government on 22 December, 2014. As per this agreement, the company will develop a 1,000 MW solar power project.

 

This project comes under the Jawaharlal Nehru National Solar Mission-Phase II (JNNSM). The scheme was launched by the central government in 2010 to generate 20,000 MW of solar power by the end of the 13th Five Year Plan in 2022.

 

With this project, the company has become the largest private solar investor in Rajasthan with a total investment capital of over Rs 1,300 crore. The total power generation capacity for the company under JNNSM presently is 142 MW.

 

Azure Power is already building a 100 MW solar power plant in the state. This unit is expected to be commissioned by April, 2015. It is spread across 725 acre of land at Hardhani and Nandia Kalan in Jodhpur. The plant is expected to be completed before 30 April, 2015.

 

This solar power plant will electrify 1,00,000 households and create an estimated 1,500 jobs in the area.
 

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