ACME Solar Subsidiary Secures 130 MW Renewable Energy Project with Northeast Frontier Railway
ACME Marigold Urja Private Limited, a wholly owned subsidiary of Acme Solar Holdings Limited, has executed a Power Purchase Agreement (PPA) with the Northeast Frontier Railway (NFR). The agreement covers the setup of a 130 MW Round the Clock (RTC) renewable energy power project.The Power Purchase Agreement (PPA) involves the establishment of the renewable energy project with NFR. The contract is a domestic agreement, confirming the project's scope and commercial terms.
The project structure and financial details of the Power Purchase Agreement have been outlined as follows:
| Detail | Particular |
|---|---|
| Project Size | 130 MW |
| Counterparty | Northeast Frontier Railway |
| Agreement Type | Power Purchase Agreement (PPA) |
| Tariff | Rs. 4.35 per kWh |
| Project Tenure | 25 years from the date of Scheduled Commencement of Supply Date (SCSD) |
| Scheduled Commencement of Supply Date (SCSD) | 25.02.2029 |
The agreement terms confirm that neither the promoter nor the promoter group has any interest in the entity that awarded the contract, and the transaction is not classified as a related party transaction.
The PPA establishes the commencement and terms for the renewable power project, solidifying the operational framework for ACME Solar Holdings Limited's subsidiary.
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