Punjab wants to rework solar power contract with CDPQ-backed Azure Power

New Delhi: Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) backed Azure Power Global Ltd is among developers that the Congress- ruled Punjab government wants to renegotiate clean energy contracts with, said two people aware of the development.

Starting 1 July, Punjab State Power Corporation Ltd (PSPCL) that supplies electricity in the state, has sought a discount from solar power developers, on account of low interest rates and a financial crunch exacerbated by the coronavirus pandemic, Mint reported on Monday.

An Azure Power spokesperson declined comment.