ACME wins 75 MW project in Jharkhand

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ACME India has announced that it has expanded its solar power projects portfolio to 1229 MW with the latest addition of 75 MW project in Jharkhand.

The financial bid from ACME for the tariff of Rs. 5.73 (25 MW) and 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.

Commenting on the occasion, Manoj Kumar Upadhyay, Founder & Chairman, ACME said,“We thank the Jharkhand Government and JREDA for conducting the tender. We are happy to participate in the growth of the state through usage of green energy and help the state bridge its power deficit. The emergence of ACME in this bid reinstates our expertise in the solar power sector that helped us to become the country's largest solar power developer with over 1 GW projects under our portfolio.”

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To take the project forward ACME will sign the PPA for developing 75 MW with Jharkhand Government. As per the PPA the company will develop these projects in Jharkhand by December 2017. The projects will be connected to the grid through a 132 kVA line. ACME aims to generate 7500 MW by the year 2019.