New Delhi-based renewable energy developer Azure Power has announced that it has won a contract to deploy 1.3 MW of rooftop PV capacity for Indian Government’s Health and Welfare Ministry facilities.
The company said that power generated by these PV systems will be sold at a tariff in the range of INR 3.19 – 4.11 ($ 0.05- 0.06)/kWh depending on the system location.
In addition, Azure Power said the project will qualify for a capital incentive, which is expected to result in a weighted average levelized tariff of INR 5.29 ($0.08)/kWh.
The auction for the project was conducted by NTPC Vidyut Vyapar Nigam (NVVN), a 100% owned subsidiary of the National Thermal Power Corporation (NTPC).
Azure Power will provide with power the Ministry of Health and Family Welfare, Government of India facilities under a 25-year contract. These facilities are located in the states and union territories of Delhi, Puducherry, Uttar Pradesh, West Bengal and Assam.
In the past month, Azure power has won more than 300 MW of solar projects across India in all segments.
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