The independent solar power producer is set to sign a power purchase agreement with SECI to sell the power generated from the solar plant for a term of 25 years at a tariff of INR2.48 ($0.04) per kWh.
To be constructed at Bhadla Solar Park in Jodhpur district, the new solar plant is expected to be commissioned in 2019.
The project won by Azure Power represents 80% of the total capacity on offer at the SECI auction.
In 2015, the company had developed a 100MW solar plant outside a solar park in Rajasthan. It was the first project it had won under SECI’s allocation, and at the time of its commissioning was also the largest solar power project under the National Solar Mission of India.
Azure Power currently has more than 400MW portfolio with SECI.
Azure Power founder, chairman and CEO Inderpreet Wadhwa said: “Our long history of superior solar power operations with SECI right from the inception of National Solar Mission has contributed to our success of procuring one of the largest solar power contracts with SECI.
“We are delighted to make this contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”
In September last year, Azure Power had bagged a contract to build a 260 MW solar power project in the state of Gujarat.
Gujarat Urja Vikas Nigam (GUVNL) had conducted an auction with an allocation capacity of 500 MW. Azure Power has been selected to build about 52% of the total allocated capacity.
