Key Quantitative Figures

  • Project Capacity: 400 MW
  • Tariff: INR 4.37 per unit
  • Land Secured: More than 800 acres
  • Minimum Annual Capacity Utilisation Factor (CUF): 40%
  • Peak Power Obligation: 90% of requirement for cumulative 4.5 hours daily
  • Portfolio Impact: PPA-locked contracted construction portfolio now stands at 4,710 MW out of total under-construction contracted capacity of 5,380 MW

Project Details

  • Project Type: Inter-State Transmission System (ISTS)-connected Firm and Dispatchable Renewable Energy (FDRE) project
  • Program: NTPC's FDRE-01 tranche
  • Connectivity: Raghanesda substation on ISTS network (final grant of connectivity already secured)
  • Technology: Integration of renewable energy generation with energy storage solutions

Operational Requirements

The FDRE project must deliver reliable and dispatchable power throughout the day with specific obligations:

  • Meet offtakers' power requirements during peak demand hours
  • Ensure minimum annual CUF of 40%
  • Meet 90% of peak power requirement for cumulative duration of 4.5 hours daily across morning and evening peak hours

Project Status

  • Land: Already secured lease for more than 800 acres
  • Connectivity: Final grant secured for ISTS connection
  • Timeline: Company states it is "on track for scheduled commissioning as per PPA timelines"

Regulatory Approval

The tariff for this project has been adopted by Central Electricity Regulatory Commission (CERC).

Corporate Structure

The PPA was signed through ACME Solar's subsidiary, ACME Marigold Urja Private Limited.

Company Background

ACME Solar Holdings Limited describes itself as a leading integrated renewable energy player with:

  • Diversified contracted portfolio: 8,370 MW spanning Solar, BESS, FDRE, Hybrid and Wind solutions
  • Operational capacity: ~3,123 MW and 5.24 GWh of BESS capacity
  • In-house EPC and O&M division for end-to-end development and maintenance