Azure Power secures 300 MW solar project in auction

Azure Power has received a letter of award from NTPC for a 300 MW solar power project won in an auction conducted by the latter. Under the project, Azure Power will provide power from the project at a tariff of Rs 2.59 per unit for 25 years. The project is expected to be commissioned in 2021. The location of the project has not been finalised yet. Currently, Azure Power has a portfolio of about 3,000 MW of solar capacity, which includes commissioned as well as under-construction projects.

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