ACME has bagged tenders for developing 200 MW solar power projects during separate tenders conducted by SECI in Andhra Pradesh and NTPC in Telangana.
ACME has won the largest share of 150 MW out of 400 MW at fixed tariff of Rs 4.43 per unit in addition to Viability Gap Fund of Rs 55 lakh per MW during tender floated by SECI under JNNSM Phase II Batch III. The company will commission the solar power project within 13 months from the date of signing of the PPA with SECI. This solar project will generate approximately 7500 million units during its 25 years tenure and supply power to AP Discom through SECI.
ACME also won 50 MW at the NTPC tender floated in Telangana. NPTC, under JNNSM, invited bids to develop 350 MW under Open Category. ACME bagged the 50 MW project after placing the financial bid for a tariff of Rs 4.67 for 25 years. The solar project will be commissioned within 13 months from date of signing of PPA with NTPC. The project is expected to generate around 2500 million units during its 25 year tenure and supply power to Telangana Discom through NTPC.
Manoj Kumar Upadhyay, founder and chairman of ACME said: “After bagging this tender, our overall portfolio has expanded to 1519 MW. Through this tender, we have further consolidated our position in the country’s solar map as the leading Solar Power Developer.”
ACME has expanded its existing portfolio to 1519 MW which includes 490 MW in Telangana, 310 MW in Andhra Pradesh, 104 MW in Punjab, 100 MW JNNSM Phase II Projects in Rajasthan and other projects in the states of Gujarat, Madhya Pradesh, Rajasthan, Odisha, Bihar, Uttar Pradesh and Chhattisgarh. ACME aims to commission 960 MW of projects by March 2017. ACME aims to generate 7500 MW by the year 2019.