ACME Solar Executes 450 MW Power Purchase Agreements with SJVN
Filing Summary
ACME Solar Holdings Limited, through its wholly owned subsidiary ACME Greentech Seventh Private Limited, has signed two Power Purchase Agreements (PPAs) with SJVN Limited. The agreements cover a total capacity of 450 MW under a Firm and Dispatchable Renewable Energy (FDRE) Power Project. The project comprises contract capacities of 300 MW and 150 MW, with a tariff set at Rs. 6.74 per unit. The scheduled commencement of supply is March 1, 2028, with a project tenure of 25 years. These agreements do not involve any related party transactions.
ACME Solar Holdings Limited, through its wholly owned subsidiary ACME Greentech Seventh Private Limited, has executed two Power Purchase Agreements (PPAs) with SJVN Limited. The agreements involve a total contract capacity of 450 MW under a Firm and Dispatchable Renewable Energy (FDRE) Power Project. The project includes two separate capacities of 300 MW and 150 MW.
The PPAs specify a tariff of Rs. 6.74 per unit. The scheduled commencement of supply is set for March 1, 2028, and the project will have a tenure of 25 years from this date. The agreements are domestic in nature and do not involve any related party transactions. There is no interest from the promoter or promoter group in the entity awarding the contracts.
The details of the agreements were disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure is voluntary and is available on the company’s website.
SJVN Limited is a public sector undertaking involved in the generation of electricity through hydroelectric power projects. The company focuses on expanding its renewable energy portfolio and has been actively engaging in various power generation projects across India.
ACME Solar Holdings Limited is a leading solar power company in India, focusing on the development and operation of solar power projects. The company aims to enhance its renewable energy capacity and contribute to sustainable energy solutions. It continues to expand its footprint in the renewable energy sector through strategic partnerships and project executions.