ACME has announced that it has bagged a 250 Mw Solar PV project in a reverse auction invited by Maharashtra State Electricity Distribution Co (MSEDCL) on 14 May 2018.
Under the reverse auction total capacity allotted was of 1,000 Mw under Build Own and Operate (BOO) model where the successful developer can set up the solar project anywhere in India and supply power to MSEDCL under 25 year Power Purchase Agreement (PPA).
The company in a official statement said “This 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 per kilowatt hour (kWh) out of the total tender capacity of 1,000 Mw.”
As per the terms of the tender, the project has to be commissioned within 15 months from PPA signing.
“With this won capacity, ACME’s total portfolio will increase to 2,300 MW and it plans to execute this project in self-execution mode,” the company said.