Azure Power Enters Mini & Micro Grid Segment

Indian Independent Power Producer Azure Power To Use Mini & Micro Grids To Electrify 320 Homes Across 11 Jharkhand Villages
03:32 PM (Beijing Time) - 14. November 2017
NYSE

Key Takeaways

  • Azure Power through its new initiative Azure M-Power will be setting up mini and micro grids in Jharkhand
  • It won the contract to set up these grids from Jharkhand Renewable Energy Development Agency
  • The contract requires Azure Power to carry out design, supply, installation, commissioning and operation of the project for a period of five years
  • This project strives to see villages having access to reliable and affordable electrification solutions that lead to sustainable economic development

Publically listed Indian renewable energy developer Azure Power has won a contract to power 320 homes across 11 villages in Jharkhand through the development of mini and micro grids through its new initiative Azure M-Power. Jharkhand Renewable Energy Development Agency (JREDA) awarded the project to Azure for design, supply, installation, commissioning and operation of the project for a period of five years.

With this project, Azure has forayed into rural electrification through mini and and micro grids. The independent power producer will now offer reliable and affordable electrification solutions in villages across India. The project is aimed at enabling sustainable economic development in offgrid regions.

“With the launch of Azure M-Power for electrification of villages across India, we are delighted to make a contribution towards the realization of our Hon’ble Prime Minister’s commitment towards 24×7 power for all,” said Founder, Chairman and CEO of Azure Power, Inderpreet Wadhwa.

The Government of India wants to use mini and micro grid concept to help electrify 30 million homes across the country by March 2019. It plans to do so under the recently announced ‘Saubhagya’ scheme (literally meaning good fortune). It has sanctioned 160 billion INR ($2.5 billion) to achieve this target.

 

Anu Bhambhani

Anu Bhambhani is the News Editor of TaiyangNews

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Anu Bhambhani