Green energy company ACME has received tenders for building a total of 200MW solarpower plants in India.
The company won 150MW out of 400MW projects by SECI in the states of Andhra Pradesh and Telangana. The bid was for a fixed tariff of $0.06 per unit.
After signing power purchase agreements (PPA), the projects are expected to be commissioned within 13 months and is estimated to produce nearly 7.5 billion units over a 25-year period.
The company has also won a tender for 50MW of the total 350MW by NTPC to build solarpower projects in Telangana, which is expected to generate approximately 2,500 million units over a period of 25 years.
ACME was awarded this contract after placing a financial bid for a tariff of $0.07. It will also be commissioned within 13 months from the date of signing.
ACME founder and chairman Manoj Kumar Upadhyay said: "After bagging this tender, our overall portfolio has expanded to 1,519MW.
"We have further consolidated our position in the country’s solar map as the leading Solar Power Developer. Our group stands committed towards building a green eco-system for the country and thereby contributing substantially towards climate change.
"We are moving in the right direction and shall demonstrate our commitment to building our nation in a greener way."
By 2019, ACME aims to produce a total of 7,500MW.
Image: ACME to build solarpower projects in Andhra Pradesh and Telangana, India. Photo: courtesy of David Castillo Dominici/Freedigitalphotos.