ACME wins 160 MW project tender

 ACME Group, India’s leading solar power player in India has announced that it has emerged as the largest successful bidder amongst 51 bidders for 160 MW solar PV power projects at the 500 MW tender opening ceremon at Hyderabad under RFP floated by Southern Power Distribution Company Limited of Andhra Pradesh (APSPDCL). As per the terms and conditions of the bidding document, the selected developer would sign 25 year long PPA with AP Discom on bided tariff.
Commenting on this occasion, Manoj Kumar Upadhyay, Founder and Chairman, ACME Group said, “This win is the country’s largest win by any private solar developer.  It is a testimony to the prowess of ACME Group and further strengthens our emergence as the leading solar power producer in the country.  With this addition, our solar power portfolio has reached 422.5 MW and we are on way to generate 1000 MW by year 2017.”
This project would entail an estimated investment of $ 210 mm/ ` 1250 crores. The project will increase its solar portfolio to 422.54 MW. The 160 MW projects would be set-up in the three districts of Anantpur, Karnool and Chittoor in Andhra Pradesh.