Accenture to Help Azure Power Expand its Solar Generation Business
NEW DELHI; April 24, 2014 – Accenture (NYSE: ACN) has been selected by Azure Power, India’s leading independent solar power producer, to implement an SAP® enterprise resource planning (ERP) solution to support and drive growth in its solar generation business.
As part of the agreement, Accenture will provide implementation services in support of the SAP solution to Azure Power to help strengthen its business processes and improve planning, budgeting, forecasting, supply chain and revenue projections. The new solution will help the company scale its rapidly expanding solar footprint across India and will enable more effective management of complex business transactions.
“We are leading the solar revolution in India by bringing the cost of solar energy from INR 17.97/KWhr in 2010 to INR 5.45/KWhr in 2014 and are working with the Government and all stakeholders to reach grid parity by 2017,” said Inderpreet Wadhwa, CEO of Azure Power Ltd. “While we are growing at a very fast pace, it is essential for us to have our core business processes automated with adequate controls in place and we are excited to start our relationship with Accenture to manage our growth better.”
Sandeep Dutta, managing director in Accenture’s Resources operating group in India, said, “We are seeing an increasing number of independent providers entering the market to take advantage of the opportunity offered by solar but it is critical that these companies have the right business framework in place to support the fast pace of growth in this sector. We look forward to working with Azure Power to implement integrated and agile business processes that can help it outperform the competition and deliver on its expansion strategy.”
Accenture is a global management consulting, technology services and outsourcing company, with approximately 289,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page is www.accenture.com.
About Azure Power Ltd
Azure Power is India's leading independent solar power producer and has been at the forefront of developments in the sector since its inception in 2007. With implementation of better technology, competent team and sustainable business models Azure aims to provide solar energy as the most affordable and reliable power generation in the country. Azure Power is driving India’s economic development by delivering clean and lowest cost solar power to communities, governments, and commercial customers throughout India. Azure develops, constructs, owns and operates solar power plants in various parts of the country. Its home page is www.azurepower.com.
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