Independent power producer KPI Global Infrastructure has received Gujarat Energy Transmission Corporation’s approval to enhance solar power evacuation from 30 MW to 70 MW (30 MW existing + 40 MW additional capacity) at 66 KV Amod Substation of district Bharuch in Gujarat.
The 95 MW project is part of a broader 260 MW generation capacity allocation the IPP received from Gujarat Urja Vikas Nigam Ltd. Generated electricity will be sold through a PPA between Azure Power and Gujarat Urja Vikas Nigam Ltd., at a rate of INR 2.67, for a 25-year duration.
Through a US$100 million contribution, La Caisse de dépôt et placement du Québec (CDPQ) has increased its stake in Azure Power Global Ltd to 40%.
Azure Power has been awarded a 130 MW solar PV project by the Maharashtra State Electricity Distribution Company Limited (MSEDCL). It is expected to be commissioned in 2019.
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