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Azure Roof Power to electrify 152 schools under Ministry of HR Development across six states

  • Azure Power (NYSE:AZRE) announced it has won a 11.35 megawatts solar rooftop power project.
  • The solar rooftops will be spread across 152 schools and six states, including Uttar Pradesh, Madhya Pradesh, Rajasthan, Karnataka, Chhattisgarh and Kerala.
  • Azure Power will sign the power purchase agreement with Navodaya Vidyalaya Samiti, an autonomous body under Ministry of HR Development (Gov. of India).
  • Azure Power qualifies for a capital incentive from Navodaya Vidyalaya Samiti, which is expected to result in a weighted average levelized tariff of INR4.97 (~$0.077) per kWh.

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