Indian independent solar power producer Azure Power Global Ltd confirmed it has won a 200-MW project in a recently completed solar tender in the Indian state of Gujarat.

The company will sign a 25-year power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) at INR 3.06 (USD 0.047/EUR 0.038) per kWh. It noted this is 25% above the lowest tariff seen in the Indian solar market of INR 2.44. Consultancy Mercom Capital reported last week that the lowest bid received in the 500-MW Gujarat solar auction was INR 2.98 per kWh.

Azure Power said the 200-MW solar project brings the company`s portfolio with GUVNL to about 470 MW, which, it added, makes it the largest solar power supplier to the state. The project is expected to be commissioned in 2019.