power-sector-news
Azure Power bags 50 Megawatt solar power project under SECI auction
New Delhi: Solar power generator Azure Power today said it has bagged a 50 MW project which was recently put up for auction by SECI under the National Solar Mission (NSM).
Azure Power secured 50 MW of the total 100 MW capacity auctioned by Solar Energy Corp (SECI) and will supply power to SECI for 25 years, it said in a statement.
The project will be built in the Ananthapuramu Solar Park, which is being developed by the Solar Park Implementation Agency (SPIA), Andhra Pradesh Solar Power Corporation Limited (APSPCL).
The tariff will be Rs 4.43 per unit (USD 0.067) with an additional support of Rs 12.7 million per MW (USD 0.19 million) from the Government of India in terms of Viability Gap Funding (VGF).
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