ACME Solar Holdings Limited announced that its wholly-owned subsidiary, ACME Marigold Urja Private Limited, has executed a Power Purchase Agreement (PPA) with Northeast Frontier Railway. The PPA is for a 130 MW Round the Clock (RTC) renewable energy power project. The agreement sets a tariff of ₹4.35 per kWh and has a project tenure of 25 years from the scheduled commencement of supply on February 25, 2029.
Major Power Purchase Agreement Executed
ACME Solar Holdings Limited has announced a significant development regarding its renewable energy projects. The company’s wholly-owned subsidiary, ACME Marigold Urja Private Limited, has successfully executed a Power Purchase Agreement (PPA) with Northeast Frontier Railway (NFR). This agreement marks a key step forward for the development of a substantial renewable energy project.
Project Details and Financials
The PPA is for a 130 MW Round the Clock (RTC) renewable energy power project. The agreement specifies a tariff of ₹4.35 per kWh, applicable for each year throughout the PPA tenure. The project’s total tenure is set at 25 years, commencing from the Scheduled Commencement of Supply Date (SCSD), which is slated for February 25, 2029. This large-scale project is expected to contribute significantly to ACME Solar’s operational capacity and future revenue streams.
Voluntary Disclosure
This announcement is made as a voluntary disclosure, in line with the company’s commitment to transparency and regulatory compliance. The details provided align with the requirements outlined under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Source: BSE
