ACME Solar Holdings Limited has received a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) for a 300 MW peak power project. This contract was secured under SECI’s tender for assured peak supply under the Tariff-Based Competitive Bidding (SECI-FDRE-IX). The project’s tariff is set at Rs. 6.00 per kWh for the entire power purchase agreement tenure. The LOA is a significant step towards expanding ACME Solar’s renewable energy portfolio.
ACME Solar Holdings Secures Major Project Award
ACME Solar Holdings Limited announced today that it has received a Letter of Award (LOA) from the Solar Energy Corporation of India Limited (SECI). This award is for a substantial 300 MW contracted capacity, reinforcing the company’s position in India’s burgeoning renewable energy sector. The project was secured through SECI’s tender for the ‘Selection of RE Power Developers for assured peak supply of 6,000 MWh (1,500 MW x 4 Hours) from ISTS-Connected RE Projects in India, under Tariff-Based Competitive Bidding (SECI-FDRE-IX)’ opportunity.
Key Project Details
The LOA signifies a significant addition to ACME Solar’s portfolio, with the project’s size being 300 MW. The agreed-upon tariff for this power purchase agreement (PPA) is set at Rs. 6.00 per kWh, applicable for the entire duration of the PPA tenure. The scheduled commencement of supply is expected 18 months from the date of PPA signing, with the project tenure extending for 25 years from the SCSD.
This disclosure, made under Regulation 30 of the SEBI Listing Regulations, highlights the company’s continued growth trajectory in the solar energy domain. Further details regarding this significant award are available on the company’s website.
Source: BSE
