Adani Power, Azure Power bag 150 MW solar projects

By: |
December 24, 2015 12:57 AM

Azure Power and Adani Power between them have bagged tenders for 150 MW of solar power projects. While Azure Power won 100 MW at a tariff of Rs 5.12/unit, Adani Power bagged the remaining capacity at Rs 5.13/unit.

Azure Power and Adani Power between them have bagged tenders for 150 MW of solar power projects. While Azure Power won 100 MW at a tariff of Rs 5.12/unit, Adani Power bagged the remaining capacity at Rs 5.13/unit.

The projects will be built in the Andhra Pradesh solar park, where NTPC has auctioned a total capacity of 1,000 MW of solar power projects with 850 MW in the open category and the remaining for developers using domestic content.

The projects would be developed using domestically manufactured solar modules.

Although ten companies participated in the online reverse auction, Azure Power secured 100 MW of the total 150 MW capacity auctioned off. The tariff on the project will be Rs 5.12/ kWh, almost 11% higher than the first two auctions priced in the same solar park.

Do you know What is FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1In times of crisis, the Centre must support the states: Dr Y V Reddy
2RBI central board short of 9 non-official directors
3Paytm CEO Vijay Shekhar Sharma ahead of IPO: ‘India in exciting phase of growth; expected to become $5 trillion economy in 5-10 years’