ACME Secures 250 MW Solar PV Project under MSEDCL’s 1,000 MW Bid

The selection process concluded at a very competitive tariff wherein ACME was allotted largest capacity i.e. 250 MW at a tariff of Rs 2.72/kWh.

Country’s one of the leading utility-scale solar power developer ACME has won the 250 MW solar Photo Voltaic (PV) capacity in the reverse auction invited by Maharashtra State Electricity Distribution Co Ltd (MSEDCL) on May 14, 2018.

MSEDCL has invited 1,000 MW solar tender under Built Own and Operate (BOO) model wherein successful developer can set up solar project anywhere in India and supply power to MSEDCL under 25 year Power Purchase Agreement (PPA).

Besides, the selection process concluded at a very competitive tariff wherein ACME was allotted largest capacity i.e. 250 MW at a tariff of Rs 2.72/kWh.

According to the tender requirements, the project has to be commissioned within 15 months from PPA signing and would entail investment to the tune of approx. USD 250 million.

A continuous effort to innovate and offer most competitive solar tariff to people, said Manoj Kumar Upadhyay, Founder and Chairman, ACME Group.

ACME Solar is an independent power producer, which builds, owns and operates solar power plants in India.

It has an operating capacity of over 1500 MW solar projects across the country. With this won capacity, the company’s total portfolio will increase to 2300 MW.