Acme Group wins 80 MW projects in Telangana

ACME Group has emerged as the successful Bidder for 80 MW solar PV power projects at the 500 MW tender opening under RFP floated by Southern Power Distribution Company of Telangana Limited (TSPDCTL).

As per the terms and conditions of the bidding document, the selected developer would sign 25 year long PPA with Telangana Discoms (TSSPDCL and TSNPDCL) on bided tariff.  The project has to be commissioned within 10 months after signing of the PPA and the financial closure of the project must be done within 150 days after the signing of the PPA.

Commenting on this momentous occasion, Mr. Manoj Kumar Upadhyay, Founder & Chairman, ACME Group said, “We thank the Telangana government and Southern Power Distribution Company of Telangana Limited (TSSPDCL) & Northern Power Distribution Company Limited of Telangana  (TSNPDCL) for choosing Solar Power to meet the energy demands of the state.  In our mission towards green meeting energy needs of the country through green energy, we are proud to partner the state and offer our full support to achieve the dream to bring power to every house by 2019.  With this addition, our solar power portfolio has reached ­­­502.5 MW and we are on way to generate 1000 MW by year 2017.”

This project would entail an estimated investment of $ 107 mm (Rs. 660 crores)