Daily News Wrap-Up: Azure Power Signs PPA for 600 MW of Solar Projects With SECI

NTPC and Indian Oil to collaborate on exploring renewable energy opportunities

November 19, 2021

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Independent solar power producer Azure Power has signed power purchase agreement (PPA) for 600 MW of ISTS-connected solar power projects with Solar Energy Corporation of India (SECI). The projects come under SECI’s 4 GW manufacturing-linked projects, which will supply power for 25 years at a fixed tariff of ₹2.54 (~$0.034) per kWh. The projects will be constructed in Rajasthan, for which connectivity approval is in place and land under acquisition. The commissioning as per the agreement is in Q3 FY 2024.

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