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.