Azure Power Commissions 100 MW NTPC Solar Project in Telangana
12 1월 2018 - 10:45PM
Business Wire
Azure Power (NYSE: AZRE), one of India’s leading independent
solar power producers, announced the commissioning of a
100-megawatt (MW) solar power plant in the state of Telangana.
Spread across an area of approximately 500 acres, the project has
been setup under the government’s National Solar Mission Phase-II,
Batch-II Tranche-I. The project was auctioned by NTPC, which has a
AAA debt rating and is the Government of India’s largest power
utility. Azure Power will supply power to NTPC for the next 25
years at a tariff of INR 4.67 (~USD 0.07) per kWh.
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Azure Power Solar PV Plant (Photo:
Business Wire)
Speaking on this occasion, Inderpreet Wadhwa, Founder,
Chairman and Chief Executive Officer, Azure Power said,
“Telangana’s continued reliance and faith in solar energy has
successfully transformed it into one of the largest solar power
producing states in the country. 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
Telangana for all the cooperation and support extended.”
About Azure Power
Azure Power (NYSE: AZRE) is a leading independent solar power
producer in India with a portfolio of over 1,600 MWs across several
states and 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, rooftop to mini & micro
grids, 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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Azure PowerInvestor ContactNathan Judge,
CFAir@azurepower.comInvestor RelationsorMedia ContactSamitla
Subbapr@azurepower.com+91-11- 4940 9854Marketing
Azure Power Global (NYSE:AZRE)
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