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Azure Power has announced that it has closed a financing deal of INR6 billion (US$88 million) for a 200 MW solar power plant in Bhadla, Rajasthan, located in north-west India.
Azure Power won the project through an auction conducted by Solar Energy Corporation of India (SECI), a Government of India enterprise, in January this year.
The solar plant will be set up at Bhadla Solar Park in Rajasthan and is likely to be commissioned in 2019.
Azure Power has not disclosed any details of the financing transaction, besides that it was concluded ahead of schedule, referring to the financial close deadline set by SECI for winning projects.
