Azure Powe signs MoU wit SECI for 600 MW solar projects

Azure Power announced that it has signed power purchase agreements (PPAs) with the Solar Energy Corporation of India for 600 megawatt (MW) ISTS-connected solar power projects (SECI).

The arrangement was signed as part of SECI’s 4 GW manufacturing-related initiatives, which will provide power for 25 years at a fixed rate of Rs 2.54 per unit.

According to the official press release, the projects will be completed by the third quarter of fiscal year 2023-24.

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