Azure Power signs 2.3 GW PPA with SECI under 4 GWmanufacturing linked projects

Azure Power has signed its largest ever power purchase agreements (PPA) with the Solar Energy Corporation of India Limited (SECI) for 2,333 MW of inter-state transmission system (ISTS) connected solar power projects under the 4 GW manufacturing linked projects.

Projects developed under this PPA will supply power for 25 years at a fixed tariff of Rs 2.42 per kWh, and will be constructed in Rajasthan. These projects arescheduled to be commissioned in a phased manner with 1,000 MW by November 2024, 1,000 MW by November 2025 and balance 333 MW by November 2026.Azure Power has also received a letter of award (LoA) for its second wind-solar hybrid power project of 200 MW from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply power at a fixed tariff of Rs 2.62 per kWh for 25 years. It will entail setting up of 133 MW solar and 67 MW wind capacity in Rajasthan and Maharashtra respectively, within a period of 18 months from the signing of PPA.