ACME Group to Invest Rs. 660 cr in Telangana for Solar Power Projects

Untitled-4For executing 80 MW solar photo voltaic power projects out of the 500 MW capacity power projects tendered in Telangana, ACME Group will invest Rs 660 crore. This company emerged as the successful bidder under RFP (Request for Proposal) floated by Southern Power Distribution Company of Telangana Limited (TSPDCTL).
The selected developer would sign 25 year long Power Purchase Agreement (PPA) with Telangana discoms on bidded tariff according to the terms and conditions of the bidding document. 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. Manoj Kumar Upadhyay, Founder & Chairman, ACME Group thanked 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.
He added saying that solar power portfolio will reach 502.5 MW and we are on way to generate 1,000 MW by year 2017.

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