Azure Power wins NTPC contract for 100 MW solar power capacity.

Delhi-based solar power producer Azure Power said it has won a contract to build solar power plants of a total 100 MW capacity from state-run NTPC Ltd.

NTPC had recently auctioned 150 MW of solar power capacity to be built at the Andhra Pradesh Solar Park. It has offered a tariff of Rs 5.12 per kWh, almost 11 per cent more than the tariff it offered at its first two auctions for the same park, which were won by SunEdison and Soft Bank.

The latest auction was set for projects using solar cells and modules manufactured in India with the aim to promote the government's 'Make in India' initiative.

NTPC has so far auctioned 1000 MW of solar power projects for the solar park in Andhra Pradesh. The auctions are part of the National Solar Mission.


ET