ACME expands solar power projects portfolio to 1229 mw

NEW DELHI: Green energy player ACME today said it has expanded solar projects portfolio to 1229 mw.

"The latest addition in its list of projects is the 75 MW project won at Jharkhand tender," the company said in a statement.

"The financial bid from ACME for the tariff of Rs 5.73 (25 MW) and Rs 5.48 (50 MW) for 25 years was announced during the final bids opening by Jharkhand Renewable Energy Development Agency Ltd (JREDA) on 17 March and subsequent issuance of the Letter of Intent," it said.

Commenting on the occasion, ACME Founder and Chairman Manoj Kumar Upadhyay said, "We thank the Jharkhand Government and JREDA for conducting the tender. We are happy to participate in the growth of the state through use of green energy and help the state bridge its power deficit."

To take this forward, the company will sign the PPA for developing 75 MW with the Jharkhand Government.

As per the PPA, ACME will develop these projects in Jharkhand locations by December 2017.

These projects will be connected to the grid through a 132 KVA line. ACME aims to generate 7500 MW by the year 2019.