ACME Solar Holdings on Friday said it has received a letter of award from the Solar Energy Corporation of India for a contracted capacity of 300 MW.
The project size is 300 MW, with a tariff of ₹6 per kWh for the entire PPA (power purchase agreement) tenure, the company said in an exchange filing.
The LoA has been secured under SECI’s 6,000 MWh (1,500 MW×4hr) assured peak power tender (FDRE-IX).
The Scheduled Commencement of Supply Date (SCSD) is 18 months from the date of PPA signing, and the project tenure is 25 years from the date of SCSD, according to the filing.
has secured a 300 MW assured peak power project under SECI’s tender for “selection of RE Power Developers for assured peak supply of 6,000 MWh (1,500 MWX4 Hrs.) from ISTS Connected RE Projects in India, under tariff-based competitive bidding (SECI-FDRE-IX)”, the company said.
The Solar Energy Corporation of India Ltd (SECI), a public sector undertaking of the Ministry of New and Renewable Energy, is spearheading the country’s green energy transition.