ACME Solar Holdings Limited announced the receipt of a Letter of Award (LOA) from the Solar Energy Corporation of India Limited (SECI). The award is for setting up a substantial 301 MW assured peak supply FDRE project. The project will operate under SECI’s FDRE Tranche VII scheme, with a competitive tariff set at Rs. 6.28 per unit. The scheduled commercial operation date (SCOD) is expected 24 months from the Power Purchase Agreement (PPA) signing, followed by a 25-year project tenure.
ACME Solar Secures Significant Renewable Energy Contract
ACME Solar Holdings Limited has formally received a significant Letter of Award (LOA) from the Solar Energy Corporation of India Limited (SECI). This development follows the company’s earlier intimation dated February 06, 2026, and solidifies a major milestone for the organization.
Project Details and Scale
The awarded project involves the establishment of a 301 MW assured peak supply FDRE project. This initiative is specifically under SECI’s FDRE Tranche VII scheme for the supply of FDRE Power, adhering to the provisions laid out in the Request for Selection (RFS).
Commercial Terms and Tenure
The broad commercial consideration for the project is based on a fixed tariff of Rs. 6.28 per unit for the procured power. Key timelines associated with the contract include:
- Scheduled Commercial Operation Date (SCOD): This is set for 24 months from the date of signing the Power Purchase Agreement (PPA).
- Project Tenure: The operational lifespan of the project is contracted for 25 years, commencing from the date of PPA signing.
Disclosure Compliance
This award represents a domestic contract. The company confirmed that neither the promoter nor any promoter group companies hold any interest in the awarding entity, SECI. Furthermore, the terms and conditions of this LOA do not fall within the scope of related party transactions.
The company confirmed that this information, provided as a voluntary disclosure, will also be accessible on its official website, www.acmesolar.in.
Source: BSE
