ACME Solar Awarded 300 MW Peak Power Project by SECI at ₹6.00/kWh
ACME Solar Holdings Limited received a Letter of Award from SECI for a 300 MW assured peak power project. The project will be executed under SECI's 6,000 MWh tender, with a tariff of ₹6.00 per kWh. The PPA tenure is 25 years.
The award of a 300 MW project is a substantial development for the company, impacting its future revenue and market position in the renewable energy sector.
The company has secured a significant new order, indicating business growth and expansion.
ACME Solar Holdings Limited has received a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) for a 300 MW assured peak power project. This award is part of SECI's tender for "Selection of RE Power Developers for assured peak supply of 6,000 MWh (1,500 MW x 4 Hrs.) from ISTS-Connected RE Projects in India, under Tariff-Based Competitive Bidding (SECI-FDRE-IX)."
The project has a tariff of ₹6.00 per kWh for the entire Power Purchase Agreement (PPA) tenure. The scheduled commencement of supply is 18 months from the PPA signing date, and the project has a tenure of 25 years from the scheduled commencement of supply.
This is a domestic award, and ACME Solar Holdings Limited has confirmed that neither the promoter nor group companies have any interest in SECI, and the contract does not fall within related party transactions.
A plain-language summary of a public exchange filing by Acme Solar Holdings Limited. Read the original for the full detail.