Azure Power Wins 300 MW in 1.2 GW ISTS SECI Solar Auction

/ -- With this win, Azure has 1.2 GW of Inter State Transmission System sovereign credit off-take projects in pipeline
Azure has confirmed Letter of Awards and interconnection approvals in place for over 1.2 GW projects
Tariff is 5.7% higher than the lowest bid in the market, offtake with AA+ domestic debt rated sovereign entity
(Logo: https://mma.prnewswire.com/media/819565/Azure_Power_Logo.jpg)
(Photo: https://mma.prnewswire.com/media/832280/Azure_Power_Solar_Plant.jpg)
Speaking on this occasion, Mr Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer , Azure Power, said, "SECI concluded 1950 MWs of auctions for solar projects last month and we are pleased to win a 300 MW project at a tariff 4% higher than the lowest bid in these auctions. This is a direct result of our strong project development and execution capabilities. We have secured interconnection for over 1.2 GW projects well ahead of schedule in highest solar radiation locations, thus minimizing execution risk and maximizing returns. We are delighted to make this contribution towards the realization of our Hon'ble Prime Minister's commitment towards clean and green energy, through solar power generation."

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