Azure Power has won the right to develop a 75MW solar project in the Assam region of north-east India.
The unnamed project is expected to be commissioned next year.
Electricity from the plant will be sold to Assam Power Distribution Company under a 25-year power purchase agreement at a weighted average price of $0.052 per kilowatt-hour.
Azure founder, chairman and chief executive Inderpreet Wadhwa said: “We are pleased to announce our win in Assam and with this we continue to demonstrate our strong project development, engineering and execution capabilities.”
Image: Azure Power