• Allocated 100% of the total capacity in a recent auction by NTPC Vidyut Vyapar Nigam (NVVN)
  • Over 580 MWs of high quality solar projects won recently increasing Azure Power’s portfolio by over 50%
Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced that it has won a 250 megawatt (MW) solar project in an auction conducted by NTPC Vidyut Vyapar Nigam (NVVN). NVVN is a wholly owned subsidiary of the Government of India’s largest power utility, National Thermal Power Corporation (NTPC), which received a AAA debt rating from CRISIL, a Standard & Poor’s Company. Azure Power will provide power to NVVN at a tariff of INR 3.14 (~US$ 0.05) per kWh for 25 years and the solar PV project(s) can be located anywhere in India, which will be outside a solar park. With this win, Azure Power will now be the largest provider of solar power to AAA-rated NTPC and its subsidiaries.

Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power said, “Our long history of superior solar power operations with NTPC Vidyut Vyapar Nigam right from the inception of National Solar Mission has contributed to our success of procuring the one of the largest solar power contract auctioned by NTPC. We are delighted to make a contribution towards the realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation.”

About Azure Power
 
Azure Power (NYSE: AZRE) is a leading independent solar power producer in India with a portfolio of over 1,600 MWs across 23 states/union territories. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale to rooftop, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.
 
For more information, visit: www.azurepower.com.
 
Forward Looking Statements
 
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.

Read more: Azure Power Wins 250 MW Solar Power Project with...

Delta, a global leader in power and thermal management solutions, will exhibit, at IREE 2017, Pragati Maidan, New Delhi from 11-13 October its diversified portfolio of smart power solutions based on cutting edge power conversion technology capable of delivering industry-leading energy efficiency to the growing railway sector infrastructure in India.
 
The Indian Railway is the lifeline of the Indian transportation system, and any advancement is highly significant for India. Delta is poised to offer the required business solutions for rolling stock converters, Power Quality Restorer for TSS, Integrated Power Supplies for S&T, Solar Inverter & Battery Energy Storage, Station Power & Display Systems and EV Chargers.
 
Electrification is the biggest impetus India needs to get its growth story on path. Mr. R. Om Prakash, Business Head, Delta Rail Transportation Solutions said, “This is a big opportunity as Indian Railways is the largest user of electricity for electric traction purposes and their consumption of power is increasing. Power quality is a big issue for Traction Sub-station as per the power quality and energy guidelines prescribed by the regulator. If India is to grow, then Indian Railways must grow. Here is where Delta’s Smart Power Solutions comes in with its power conditioning and complete propulsion equipment appropriate for the IGBT traction system of electric powered locomotives. The improved power quality, energy management and harmonic balance will help the railway save energy, increase efficiency and passenger load without increasing capex.”
 
Mr. Dalip Sharma, Managing Director, Delta Electronics India remarked: “The Ministry of Indian Railways is working towards total electrification of the network as Railways is aiming towards a cheaper and cleaner source of energy. The important things involved in the process include availability of equipment and adequate infrastructure. We at Delta, the leading company in power and thermal management solutions, are offering Delta’s Railway Power solutions that are based on cutting edge power conversion technology. It is fully geared to partner in the Ministry of Railways growth by providing Power Quality Compensating and Traction Propulsion equipment. These products are developed at our state of the art R&D lab in Bengaluru, which provide significant commercial savings for the Railway infrastructure.”
 
Highlights of Delta’s Power Solution offerings at IREE 2017 will be: 

  • Power Quality Compensating Equipment: In the existing traction network, Indian Railways has a 25 kV, 50Hz, 1-phase traction system on their network. The main power quality issues for railway traction are Low Power Factor, Harmonics Imbalance, High Maximum Demand, and Poor Voltage Regulation. The prevalent equipment provides fixed reactive power compensation irrespective of the actual load. Delta’s unique and highly efficient iRMS Compensator addresses the reactive power compensation, harmonic current compensation, and 25kV bus voltage compensation, which makes the current at metering point pure and free from reactive and harmonic distortion. 
  • Power Supplies for Signalling, Telecommunication and Train Control systems: Delta offers smart power quality solutions to critical railway infrastructure such as signalling, telecommunication, and train control systems with an excellent global track record. These power supplies are based on cutting-edge power conversion technology, are highly efficient, reliable, and safe. Both modular and scalable, they reduce complexity, environmental impact, and total cost of ownership across the entire railway infrastructure. 
  • Display & Monitoring Solutions: Delta has significant expertise in developing smart display & monitoring solutions for Passenger Information Systems, Signalling, Telecommunication & Train Control Systems, Traffic Management Systems and Safety & Security Systems for railway operations. Our successful installations include the prestigious Bangalore Metro and Mumbai Metro Rail. 
  • UPS & Datacenter Infrastructure Solutions: With its wide range of Uninterruptible Power Supplies (UPS) ranging from 600VA to 4000 kVA, Delta offers a competitive edge to critical applications in need of first-rate power solutions. Reliable, efficient and modular, Delta’s Uninterruptible Power Solutions ensure the continuity of mission critical operations while reducing their Total Cost of Ownership (TCO). Delta has successfully installed its power back-up solutions at Noida Metro Rail. 
  • Renewable Energy Solutions: Delta has a full range of solar PV inverters that boast not only industry-leading energy conversion efficiency, but also lead the market in both String and Central Inverter categories. Delta has installations in major railway stations and airports across India including Katra Railway station, Secunderabad Station, Delhi Railway Station, Mumbai Railway Stations, Kochi Airport, New Delhi Airport, Mumbai Airport, Kolkata Airport, and others. The power range of these PV inverters varies between 3kW to 3MW to serve the needs of the residential, commercial, industrial and utility segments in India.  
  • EV Charging Solutions: Delta offers a complete range of energy efficient EV charging solutions with DC Quick, AC Chargers and Site Management System. These chargers can be conveniently installed in multiple applications such as parking spaces, highway service, as well as residential and commercial buildings.
Join the conversation #DeltaAtIREE2017

About Delta Electronics India Pvt. Ltd.
Delta Electronics India is a 100% subsidiary of Delta Electronics (Thailand) PLC, a group company of Delta Group. Operating in India since 2003, Delta Electronics India is the leading provider of Telecom Power Solutions and a major source of Industrial Automation, Large Display Solutions, Mission Critical Infrastructure Solutions, Renewable Energy Solutions, Building Management Solutions, DC Fans & Blowers and Components.
 
With 10 regional offices, 3 manufacturing facilities at Rudrapur, Gurgaon, Hosur and 2 R&D centres in Gurgaon and Bangalore, Delta has a strong presence across India with more than 100 channel partners. The company has been awarded ISO 9001:2008, ISO 14001:2007 and OHSAS  18001: 2008 certifications for Quality, Procedures, and Environment management.
 
For detailed information, please visit: www.deltaelectronicsindia.com
 
About Delta
 
Delta, founded in 1971, is a global leader in power and thermal management solutions and a major player in several product segments such as industrial automation, displays, and networking. Its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” focuses on addressing key environmental issues such as global climate change. As an energy-saving solutions provider with core competencies in power electronics and innovative research and development, Delta's business categories include Power Electronics, Automation, and Infrastructure. Delta has 153 sales offices, 61 R&D centers, and 40 manufacturing facilities worldwide.
 
Throughout its history, Delta has received many global awards and recognition for its business achievements, innovative technologies, and dedication to corporate social responsibility. Since 2011, Delta has been selected as a member of the Dow Jones Sustainability™ World Index (DJSI World) for 7 consecutive years. In 2016, Delta was selected out of 5,800 large companies by CDP (formerly the Carbon Disclosure Project) for its Climate Change Leadership Level.
 
For detailed information about Delta, please visit: www.deltaww.com

Read more: Delta Powering Green Mobility to Showcase its...

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