Equity Funding and Strategic Update
Projects Commissioned - Utility
as on 31st Jan, 20
Project Names
Commercial
Operation
Date(1)
PPA Capacity
DC Capacity
(MW)
(MW)
Tariff
(INR/kWh)
Operational Utility
Off taker
Duration
of PPA in
Years
Credit Rating (6)
Punjab 1 (3)
Q4 2009
Punjab 2.1 (3)
Q3 2014
15
Punjab 2.2 (3)
Q4 2014
15
255
15
15
255
17.91
7.67
Punjab 2.3 (3)
Q4 2014
4
4
7.97
8.28
NTPC Vidyut Vyapar Nigam Limited
Punjab State Power Corporation Limited
Punjab State Power Corporation Limited
25
AAA
25
A
25
A
Karnataka 1 (3)
Q1 2015
Uttar Pradesh 1 (3)
Q1 2015
Gujarat 1.1 (3)
Q2 2011
Gujarat 1.2 (3)
Q4 2011
Rajasthan 1 (4)
Q4 2011
Rajasthan 2.1(4)
Q1 2013
Rajasthan 2.2(4)
Q1 2013
Rajasthan 3.1 (3)
Q2 2015
Rajasthan 3.2 (3)
Q2 2015
Rajasthan 3.3 (3)
Q2 2015
40
Chhattisgarh 1.1(4)
Q2 2015
Chhattisgarh 1.2(4)
Q2 2015
Chhattisgarh 1.3(4)
Q3 2015
10
Rajasthan 4 (3)
Q4 2015
Delhi 1.1
Q4 2015
Karnataka 2(4)
Q1 2016
10
Andhra Pradesh 1 (3)
Punjab 3.1(4)
Q1 2016
50
Q1 2016
Punjab 3.2(4)
Q1 2016
DD55525244UQD5284
10
10
20
15
20
40
41
10
10
10
6
12
2255527277ODDON2724
10
7.47
12
8.99
15.00(5)
Punjab State Power Corporation Limited
Bangalore Electricity Supply Company Limited
Uttar Pradesh Power Corporation Limited
25
A
25
A+
12
A+
Gujarat Urja Vikas Nigam Limited
25
AA-
15.00(5)
Gujarat Urja Vikas Nigam Limited
25
AA-
11.94
NTPC Vidyut Vyapar Nigam Limited
25
AAA
21
8.21
NTPC Vidyut Vyapar Nigam Limited
25
AAA
17
8.21
NTPC Vidyut Vyapar Nigam Limited
25
AAA
5.45(2)
Solar Energy Corporation of India
25
AA+
43
5.45(2)
5.45(2)
Solar Energy Corporation of India
Solar Energy Corporation of India
25
AA+
25
AA+
10
6.44
10
6.45
6.46
5.45(2)
5.43(2)
Chhattisgarh State Power Distribution Company Ltd
Chhattisgarh State Power Distribution Company Ltd
Chhattisgarh State Power Distribution Company Ltd
Solar Energy Corporation of India
Solar Energy Corporation of India
25
A
25
A
25
A
25
AA+
25
AA+
6.66
6.44(5)
7.19
7.33
Bangalore Electricity Supply Company Limited
Southern Power Distribution Com of AP Ltd
Punjab State Power Corporation Limited
Punjab State Power Corporation Limited
25
A+
25
BB-
25
A
25
A
(1) Refers to the applicable quarter of the calendar year. There can be no assurance that our projects under construction and our committed projects will be completed on time or at all., (2) Projects are supported by viability gap funding in addition to
the tariff, (3) Projects under Restricted Group (4) Non restricted group projects with operations more than one year considered for covenant analysis, (5) Current tariff, subject to escalation/change, as per PPA (6) Source: Ministry of Power 7th Annual
Integrated Rating, ICRA, CARE, Crisil and India Ratings
28 | Copyright © 2020 Azure Power | www.azurepower.com
Azure PowerView entire presentation