Azure Power Wins 200 MW Solar Power Project in Gujarat
Azure Power Global Limited Equity Shares (AZRE)
Last azure power global limited equity shares earnings: 2/11 04:31 pm
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Source: Business Wire
Azure Power wins 200 MWs in Gujarat; has largest solar power portfolio in the state (~470 MWs) NEW DELHI--(BUSINESS WIRE)-- Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced that it has won a 200 MW solar project in Gujarat. With this win, the Company now has a total portfolio of ~470 MWs in Gujarat with Gujarat Urja Vikas Nigam Limited (GUVNL), making Azure Power the largest solar power supplier to the state. GUVNL has been rated AA- by ICRA, a Moody’s company, which is one of the highest rated state counterparties in India. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180403005667/en/ Azure Power Solar Plant (Photo: Business Wire) Azure Power will sign a 25 year Power Purchase Agreement (PPA) with GUVNL, at a tariff of INR 3.06 (~US$ 0.05) per kWh, which is 25% higher than the lowest
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