Azure Roof Power to Electrify Ministry of Health and Family Welfare Facilities Across 5 States
02 10월 2017 - 8:30PM
Business Wire
Azure Power (NYSE: AZRE), a leading independent solar power
producer in India, announced that it has won a 1.3 MW solar rooftop
project in an auction conducted by NTPC Vidyut Vyapar Nigam (NVVN),
a wholly owned subsidiary of the National Thermal Power Corporation
(NTPC). 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.
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the full release here:
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Azure Roof Power Project (Photo: Business
Wire)
Azure Roof Power offers superior rooftop solar power
solutions for commercial, industrial, government, and institutional
customers in cities across India to lower their energy bill and
meet their greenhouse gas (GHG) emission reduction targets. With
over 150 MWs of high quality, operating and committed solar assets
across 20 states, Azure Roof Power has one of the largest rooftop
portfolios in the country. Azure Roof Power has a well-diversified
customer base with majority portfolio contracted with Government of
India backed entities. Azure Roof Power customers include large
commercial real estate companies, a leading global chain of premium
hotels, distribution companies in smart cities, warehouses, Delhi
Metro Rail Corporation, Indian Railways, a Delhi water utility
company and various Government of India Ministries.
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.”
About Azure Power
Azure Power (NYSE: AZRE) is a leading independent solar power
producer in India with a portfolio of over 1,300 MWs across 23
states/union territories. 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/20171002005106/en/
Azure PowerInvestor ContactNathan Judge,
CFAir@azurepower.comInvestor Relations, Azure PowerorMedia
ContactSamitla Subbapr@azurepower.com+91-11- 4940
9854Marketing, Azure Power
Azure Power Global (NYSE:AZRE)
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