Azure Power Commissions a 50 MW NTPC Solar Project in Uttar Pradesh
22 9월 2017 - 9:38PM
Business Wire
Azure Power (NYSE: AZRE), a leading independent solar power
producer in India, has announced that it has commissioned the final
phase of its 50 megawatt (MW) solar power plant in the state of
Uttar Pradesh. The 50 MW project is spread across 300+ acres of
land.
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Azure Power will provide power for 25 years at a tariff of INR
4.78 (~US$ 0.07) per kWh to NTPC, the largest power utility of the
Government of India. NTPC received a AAA debt rating from CRISIL, a
Standard & Poor’s Company. Azure Power secured the 50 MW PPA
through an auction under the National Solar Mission Phase II,
Batch-II Tranche I.
Uttar Pradesh is the most populous state in India and has a
large peak energy supply deficit, according to the Central
Electricity Authority. In addition, CRISIL projects that over 10
million unelectrified households will be connected by 2019. Azure
Power is one the largest solar developers in Uttar Pradesh and
built the first utility scale solar project in Uttar Pradesh in
2015.
Speaking on this occasion, Inderpreet Wadhwa, Founder,
Chairman and Chief Executive Officer, Azure Power said, “With
the commissioning of this plant, we have once again demonstrated
our strong project development, engineering, and execution
capabilities. We are delighted to make a contribution towards the
realization of our Hon’ble Prime Minister’s commitment towards
clean and green energy, through solar power generation. Our sincere
gratitude to NTPC and the state of Uttar Pradesh for all the
cooperation and support extended.”
About Azure Power
Azure Power (NYSE::AZRE) is a leading solar power producer in
India with a portfolio of over 1,000 MWs across 22 states/union
territories. With over 150 MWs of high quality solar rooftop
assets, the company has one of the largest rooftop portfolios in
the country. With its in-house engineering, procurement and
construction expertise and advanced in-house operations and
maintenance capability, Azure Power provides low-cost and reliable
solar power solutions to customers throughout India. It has
developed, constructed and operated solar projects of varying
sizes, from utility scale to rooftop, since its inception in 2008.
Highlights include the construction of India’s first private
utility scale solar PV power plant in 2009 and the implementation
of the first MW scale rooftop project under the smart city
initiative in 2013.
For more information, visit: www.azurepower.com.
Forward Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended and the Private Securities Litigation Reform Act of
1995, including statements regarding the Company’s future financial
and operating guidance, operational and financial results such as
estimates of nominal contracted payments remaining and portfolio
run rate, and the assumptions related to the calculation of the
foregoing metrics. The risks and uncertainties that could cause the
Company’s results to differ materially from those expressed or
implied by such forward-looking statements include: the
availability of additional financing on acceptable terms; changes
in the commercial and retail prices of traditional utility
generated electricity; changes in tariffs at which long term PPAs
are entered into; changes in policies and regulations including net
metering and interconnection limits or caps; the availability of
rebates, tax credits and other incentives; the availability of
solar panels and other raw materials; its limited operating
history, particularly as a new public company; its ability to
attract and retain its relationships with third parties, including
its solar partners; its ability to meet the covenants in its debt
facilities; meteorological conditions and such other risks
identified in the registration statements and reports that the
Company has filed with the U.S. Securities and Exchange Commission,
or SEC, from time to time. All forward-looking statements in this
press release are based on information available to us as of the
date hereof, and the Company assumes no obligation to update these
forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20170922005342/en/
Azure PowerInvestor ContactNathan Judge, CFA,
Investor Relationsir@azurepower.comorMedia ContactSamitla
Subba, Marketingpr@azurepower.com+91-11- 4940 9854
Azure Power Global (NYSE:AZRE)
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