ACME Solar Holdings Limited announced that its wholly owned subsidiary, ACME Greentech Seventh Private Limited, executed two major Power Purchase Agreements (PPAs) with SJVN Limited. The agreements aggregate a total capacity of 450 MW for a Firm and Dispatchable Renewable Energy (FDRE) Power Project. The contracted tariff is set at Rs. 6.74 per unit, with a scheduled commencement date of March 1, 2028, and a long project tenure of 25 years.
Execution of Significant Power Purchase Agreements
ACME Solar Holdings Limited has disclosed the execution of two critical Power Purchase Agreements (PPAs) via its wholly owned subsidiary, ACME Greentech Seventh Private Limited. This development follows up on prior intimations and marks a significant step in the company’s renewable energy capacity expansion.
Key Contract Details
The agreements were signed with SJVN Limited, the entity awarding the contracts. The key specifics of the executed agreements are as follows:
- Total Contracted Capacity: 450 MW, broken down into two separate components of 300 MW and 150 MW.
- Project Type: Firm and Dispatchable Renewable Energy (FDRE) Power Project.
- Contracted Tariff: The consideration for the power generated is fixed at Rs. 6.74 per unit.
- Contracting Parties: The contracts are strictly Domestic in nature.
Timeline and Tenure
The operational timeline for the newly secured capacity has been clearly defined:
- Scheduled Commencement of Supply Date (SCSD): 01.03.2028.
- Project Tenure: A substantial 25 years, calculated from the SCSD.
The company confirmed that this announcement is a voluntary disclosure and that the information is also available on its official website for public record.
Source: BSE
