Azure Power has bagged 46 MWs solar rooftop projects from Indian Railways, which will be spread across eleven states in India. The power purchase agreement (PPA) will be signed with Indian Railways for their respective zones and coach factory for 25 years, the company said in a statement.
As per the statement, the average tariff for the project is Rs 4.63 per kWh with an additional capital incentive of Rs 933.5 million upon commissioning.
Out of the total 46 MWs, 20 MWs has been allocated by Northern Railways division, 10 MWs by the Western Railways division, 10 MWs by the North-Central Railways division, 3 MWs by the North-Western Railways division, and 3 MWs by the Rail Coach Factory division.
Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said, “We are pleased to partner with Indian Railways in reducing their GHG emissions through deployment of solar energy at their facilities across locations pan-India.”
With this new project, Azure Power rooftop solar portfolio surpasses 100 MWs across 14 states in India.
Recently, Azure Power has announced the successful installation and operation of the first phase of its rooftop solar power plant for Delhi Metro Rail Corporation (DMRC). The 14 MW project is one of the largest allocations by DMRC to a solar power company and covers DMRC metro stations, workshops and parking lots.