ACME Solar Secures 301 MW Project from SECI
Filing Summary
ACME Solar Holdings Limited has received a letter of award from the Solar Energy Corporation of India Limited (SECI) to establish a 301 MW assured peak supply FDRE project. The project is part of SECI’s FDRE Tranche VII, with a scheduled commercial operation date set for 24 months from the signing of the power purchase agreement (PPA). The project will operate for 25 years from the PPA signing date, with a tariff of Rs. 6.28 per unit. There are no related party transactions involved in this award.
ACME Solar Holdings Limited has been awarded a letter of award by the Solar Energy Corporation of India Limited (SECI) to set up a 301 MW assured peak supply FDRE project. This award is part of SECI’s FDRE Tranche VII initiative. The project is designed to supply FDRE power as per the provisions outlined in the request for selection (RFS).
The scheduled commercial operation date for the project is set for 24 months from the date of signing the power purchase agreement (PPA). The project will have a tenure of 25 years from the date of PPA signing. The tariff for the project is established at Rs. 6.28 per unit.
The letter of award does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity to which the contract is awarded. The project is a domestic contract, awarded to ACME Solar Holdings Limited.
The information regarding this award is disclosed voluntarily and is available on the company’s website. The disclosure is made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Solar Energy Corporation of India Limited (SECI) is a government entity responsible for implementing various schemes to promote solar energy in India. It plays a significant role in the development of solar projects and the procurement of solar power through competitive bidding processes.
ACME Solar Holdings Limited focuses on developing and operating solar power projects. The company is committed to expanding its renewable energy portfolio and contributing to sustainable energy solutions. It engages in projects that align with its strategic priorities in the renewable energy sector.