ACME Solar Holdings Limited has announced that its subsidiary, ACME Urja One Private Limited, has executed a Power Purchase Agreement (PPA) with NHPC Limited. The agreement pertains to the development of a 250 MW FDRE project. The project is scheduled to commence operations by June 30, 2027, and will operate for a period of 25 years.
Power Purchase Agreement Signed
ACME Solar Holdings Limited has confirmed that ACME Urja One Private Limited, a wholly-owned subsidiary, has formalized a Power Purchase Agreement (PPA) with NHPC Limited for a significant renewable energy venture.
Project Details
The newly secured agreement enables the development of a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project. Key details of the project are:
- Capacity: 250 MW FDRE
- Counterparty: NHPC Limited
- Scheduled Operation Date: June 30, 2027
- Project Tenure: 25 years from the PPA signing date
- Tariff: Rs. 4.33 per unit
Source: BSE
