ACME Solar wins bid for 130 MW Railways (REMCL) Renewable Energy tender
ACME Solar wins the bid for 130 MW Railways (REMCL) Round-The-Clock Renewable Energy tender at ₹4.35 per unit, ensuring consistent power supply for Indian Railways.
Winning a 130 MW renewable energy tender is a notable achievement that can positively impact the company's revenue and market position.
The announcement highlights ACME Solar winning a significant bid, indicating positive business development.
* ACME Solar has emerged as the winning bidder for the 130 MW Railways (REMCL) Round-The-Clock Renewable Energy tender. * The company's winning bid was ₹4.35 per unit. * This bid is for procurement of power by end user i.e. Indian Railways which requires consistent power profile throughout the day due to its unique load requirements. * The Railways will enter into a direct Power Purchase Agreement (PPA) with the winning bidders. * ACME Solar will be required to supply renewable energy complemented with dispatchable sources and/or Energy Storage Systems (ESS) from ISTS-connected projects to ensure firm, round-the-clock clean power.
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Acme Solar Holdings Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Acme Solar Holdings Limited. Read the original for the full detail.