ACME Solar Executes 450 MW FDRE Power Purchase Agreements with SJVN

ACME Solar Holdings Limited (CIN: L40106HR2015PLC102129, BSE: 544283, NSE: ACMESOLAR) announced that its wholly-owned subsidiary, ACME Greentech Seventh Private Limited, executed two Power Purchase Agreements (PPAs) with SJVN Limited for 450 MW capacity under a Firm and Dispatchable Renewable Energy (FDRE) project.

Agreement Details

The PPAs cover 300 MW and 150 MW capacities at a tariff of Rs. 6.74 per unit. Key terms include a Scheduled Commencement of Supply Date (SCSD) of March 1, 2028, and a 25-year project tenure from SCSD.

Client - SJVN Limited (Domestic)
Nature - Power Purchase Agreements
Capacity - 450 MW (300 MW + 150 MW) FDRE
Tariff - Rs. 6.74/unit
Tenure - 25 years from SCSD (March 1, 2028)

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 232.20 as compared to the previous close of Rs. 236.15. The total number of shares traded during the day was 100453 in over 3911 trades.

The stock hit an intraday high of Rs. 233.60 and intraday low of 213.05. The net turnover during the day was Rs. 23133872.00.

Source : Equity Bulls

Keywords

ACMESolarHoldings INE622W01025