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Solar power producer ACME said on Tuesday that the company has won a 75-MW project in Jharkhand, taking the company’s portfolio to 1,229 MW.
“The financial bid from ACME for the tariff of ₹ 5.73 a unit for 25 MW and ₹ 5.48 a unit for 50 MW for 25 years was announced during the final bids opening by Jharkhand Renewable Energy Development Agency on March 17 and subsequent issuance of Letter of Intent,” a statement from the company said.
ACME will now sign power purchase agreements with the Jharkhand government and the projects will be developed by December 2017.
ACME’s portfolio of 1,229 MW includes 440 MW in Telangana, 160 MW in Madhya Pradesh, 104 MW in Punjab and 100 MW in Rajasthan under the Jawaharlal Nehru National Solar Mission Phase II. Other projects include those in the states of Gujarat, Madhya Pradesh, Odisha, Bihar, Uttar Pradesh, Assam and Chhattisgarh.
The company said it aims to generate 7,500 MW of solar power by the year 2019.
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