Azure Power ink EOI with Karnataka govt. to develop RE projects worth 1700 MW
Azure Power has announced that it has signed an Expression of Interest (EoI) with the Government of Karnataka to develop solar, wind, and hybrid renewable energy projects aggregating to 1700 MW capacity. The total investment commitment is Rs.13,300 crore.
The EoI was signed at the Windergy India 2022 event, between Azure Power and the Government of Karnataka, represented by Mr. G. Kumar Naik, IAS, Additional Chief Secretary to the state energy department.
Azure Power owns and operates close to 2900 MW of renewable energy assets across India and has a significant presence in the state of Karnataka.
Commenting on the announcement, Pawan Kumar Agrawal, CFO, Azure Power, said, "We are extremely pleased to sign the EoI with the Government of Karnataka. The state has been at the forefront of clean energy adoption and has one of the highest installed renewable energy capacities in the country. This EoI strengthens our commitment to develop high-performing grid-scale renewable energy assets in the state and contribute towards India's decarbonization journey."
