Isabelle Kocher, CEO of Engie, declared: "It is an honor to welcome President Macron and Prime minister Modi to Mirzapur, one of our key assets in the country. This plant and the different successes we announce today support our ambition to be a major partner for the development of renewables in India, a fast-growing country for global energy transition businesses. Globally, Engie is committed to invest massively in low-carbon generation, one of the growth engines of the Group."
Engie was awarded the Mirzapur solar project (101MWp) in May 2016 for a price of INR 4.43/kWh (~USD 68/MWh) and signed a 25-year power purchase agreement with Solar Energy Corporation of India in June 2016.
Moreover, Engie and National Thermal Power Corporation Limited recently signed a 25-year power purchase agreement for the Kadapa solar park (338MWp) in the state of Andhra Pradesh. In April 2017, Engie proposed the most competitive offer for this project with a price of INR 3.15/kWh (~USD 48.5/MWh).
