ACME Marigold Urja, a wholly owned subsidiary of ACME Solar Holdings, has signed a long-term power purchase agreement (PPA) with NTPC Ltd for a 400 MW firm and dispatchable renewable energy (FDRE) power project.
The project was awarded under NTPC’s FDRE Tranche-I tender for the selection of renewable energy power generators to supply 1,200 MW of firm and dispatchable power, with assured peak power supply, from interstate transmission system (ISTS)-connected renewable energy projects anywhere in India.
The projects are to be developed on a build-own-operate (BOO) basis.
Under the agreement, ACME Marigold Urja will supply the contracted capacity of 400 MW at a tariff of INR 4.37/kWh.
Power supply is scheduled to commence on June 30, 2028, and the PPA will remain in effect for 25 years from the scheduled commencement of supply date.
From pv magazine India
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