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April 2, 2017

Indian Railways awards solar roof contract to Azure Power

Indian Railways has awarded a contract to Azure Power for 46MW of solar rooftop projects to spread across eleven states in the country.

Indian Railways has awarded a contract to Azure Power for 46MW of solar rooftop projects to spread across eleven states in the country.

The Indian Government owns and operates the Indian Railways through the Ministry of Railways.

Azure Power will sign the power purchase agreement (PPA) with the rail network for its respective zones and coach factory for a period of 25 years.

The average tariff for the project is around $7 cents per kWh with an additional Rs933.5m ($14m) capital incentive upon commissioning.

Azure Power founder and CEO Inderpreet Wadhwa said: “Azure has superior rooftop solarpower solutions for infrastructure, commercial and industrial customers in cities across India to lower their energy costs and meet their greenhouse gas (GHG) emission reduction targets.

“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.”

"The average tariff for the project is around $7 cents per kWh with an additional Rs933.5m ($14m) capital incentive upon commissioning."

Northern Railways division has assigned 20MW, while the Western Railways division and the North-Central Railways division have each allotted 10MW.

The North Western Railways division and the Rail Coach Factory division allocated 3MW each.

Recently, the company installed and operated the first phase of its rooftop solarpower plant for Delhi Metro Rail (DMRC) as part of a 14MW project.

The project covers DMRC metro stations, workshops as well as parking lots.


Image: Azure Power | New York Stock Exchange. Photo: courtesy of Business Wire.

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