News Brief | January 2015
Azure Power signs an MoU with Rajasthan for solar project
Azure Power, has announced that it has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to develop a 1000 MW solar power project. The announcement comes along with Vasundhara Raje, Chief Minister of Rajasthan, laying the foundation stone for Azure Power´s 100 MW Solar power plant to be commissioned by April 2015. Present at the occasion was Mr. HS Wadhwa, Chairman, Azure Power.
This is the largest capacity project won under the prestigious National Solar Mission -Phase II taking the total capacity of Azure Power under NSM to 142 MW, making it the largest winner under this policy.
It also makes Azure the largest private solar investor in Rajasthan with a total investment capital over Rs 1300 crore.
Spread across 725 acres at Jodhpur, the plant will electrify 1,00,000 households and create an estimated 1500 jobs in the locality.