Azure Power has bagged a 50 MW solar power project of the total 100 MW capacity put up for auction by Solar Energy Corporation of India (SECI), in the state of Andhra Pradesh.
The project is bagged under the National Solar Mission (NSM) Phase-II Batch III. The company will supply power to SECI for a period of 25 years.
The solar project will be constructed in the Ananthapuramu Solar Park, developed by the Solar Park Implementation Agency, Andhra Pradesh Solar Power Corporation Limited (APSPCL).
The project tariff is Rs 4.43 per kWh with an additional aid of Rs 12.7 million per MW from the government of India, in terms of viability gap funding.