AZRE - Azure Power nabs first 50 MW ISTS hybrid power project with SECI

Azure Power (NYSE:AZRE) received the letter of award for its first 150 MW ISTS connected wind–solar hybrid power project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a fixed tariff of~3.2 cents/kWh. The project is part of the 1.2K MW ISTS Hybrid Tranche – IV tender from SECI and will entail setting up of 100 MW of solar and 50 MW of wind capacity within a period of 18 months from the signing of Power Purchase Agreement.

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Azure Power nabs first 50 MW ISTS hybrid power project with SECI