The project features three facilities of 50MW each and was implemented under Punjab Energy Development Agency's (PEDA) Solar Policy Phase III.
Azure Power will deliver power generated from the project to Punjab State Power Corp Ltd for 25 years at a weighted average tariff of INR 5.63 ($0.083) per kWh.
The project, which is spread across 713 acres of land in Punjab, was commissioned in December, ahead of the contracted scheduled date.
Power produced from these solar plants will be supplied to the local areas and are expected to create around 1000 jobs in the region as well.
Azure Power founder and CEO Inderpreet Wadhwa said: “We are pleased to have started 2017 with the early commissioning of our largest project. Our ability to complete projects ahead of schedule and at scale is a testament to our efficiency and reliability as a trusted solar power producer.
“We continue to demonstrate our strong project development, engineering, and execution capabilities and are delighted to make this contribution towards realization of our Honourable Prime Minister’s commitment towards clean and green energy, through solar power generation."
Azure Power presently has a portfolio of about 225MW in the state of Punjab.
By the end of the last year, India has reached about 9.6GW of installed solar capacity which includes both utility-scale projects and rooftop installations. The country plans to add another 9GW of solar power by the end of this year.
Image: Azure Power installs and commissions 150MW solar plants in North India. Photo: Courtesy of khunaspix/FreeDigitalPhotos.net.
