Azure Power announced that it has won a 1.3MW solar rooftop project in an auction conducted by NTPC Vidyut Vyapar Nigam. Azure Power will provide power for 25 years to Ministry of Health and Family Welfare, Government of India facilities in the states and union territories of Delhi, Puducherry, Uttar Pradesh, West Bengal and Assam. The power will be sold at a tariff range of INR 3.19 - 4.11 (~US$ 0.05 - 0.06) per kWh based on location. In addition, Azure Power qualifies for a capital incentive which is expected to result in a weighted average levelized tariff of INR 5.29 (~US$0.08) per kWh.
Commenting on the occasion, Mr Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, "Azure Roof Power offers tremendous value to our customers across various segments. We are pleased to announce our latest win with NVVN to electrify Ministry of Health and Family Welfare facilities across five states. With this win, we have once again demonstrated our strong project development capabilities and are delighted to make this contribution towards the realization of our Hon'ble Prime Minister's commitment towards clean and green energy, through solar power generation."