logo
ACME Sikar Solar executes power purchase agreement for 300 MW capacity in Rajasthan

ACME Sikar Solar executes power purchase agreement for 300 MW capacity in Rajasthan

ACME Sikar Solar, a wholly owned subsidiary of ACME Solar Holdings, has executed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of ₹3.05 per kWh.
This achievement follows the commissioning of 300 MW capacity by ACME Sikar on June 23, 2025. The said bid was won earlier under SECI ISTS XVIII Tranche, and the tariff was formally adopted by the Central Electricity Regulatory Commission (CERC) on 30th May 2025.
As per the agreement, the project requires to supply power on or before June 30, 2025. The project also qualifies for Inter-State Transmission System (ISTS) charges waiver, as the Scheduled Commercial Operations Date (SCOD) falls before June 2025 deadline, aligning with the government incentives aimed at early operationalization of renewable energy projects.
With this milestone, ACME Solar's PPA-signed portfolio stands at 5,130 MW of which 2,890 MW is already operational, and balance is under various stages of implementation.
Additionally, the company has a firm pipeline of 1,840 MW for which Letter of Award (LOA) has been received. ACME Solar's overall portfolio comprises 86% offtake with central government enterprises and the rest 14% with State discoms.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ICAI Result 2025: Rajan Kabra tops CA final exam, Disha Ashish Gokhru in Inter
ICAI Result 2025: Rajan Kabra tops CA final exam, Disha Ashish Gokhru in Inter

Hindustan Times

time3 hours ago

  • Hindustan Times

ICAI Result 2025: Rajan Kabra tops CA final exam, Disha Ashish Gokhru in Inter

Rajan Kabra from Mumbai topped the Chartered Accountancy final examination with 516 out of 600 marks, or 86 per cent, the results of which were announced today, July 6. ICAI CA result 2025 live updates ICAI Result 2025: Rajan Kabra tops CA final exam, Disha Ashish Gokhru in Inter exam Candidates can check the ICAI CA Foundation, Inter and Final exam results on the official website, As per the press release shared by the institute, Kolkata's Nishtha Bothra secured the second rank with 503 or 83.83 per cent marks. Manav Rakesh Shah from Mumbai is in the third place. The candidate has scored 493 or 82.17 per cent marks. In the CA Inter exam, Ghaziabad's Disha Ashish Gokhru has secured all India rank 1 with 513 out of 600 or 85.50 per cent marks. Devidan Yash Sandeep from Maharashtra's Aurangabad is the second topper with 503 or 83.83 per cent marks. Two candidates – Yamish Jain from Jaipur and Nilay Dangi from Udaipur – have secured the third rank in the Inter exam with 502 or 83.67 per cent marks. Vrinda Agarwal from Ghaziabad topped the Foundation exam with 362 or 90.5 per cent marks. Yadnesh Rajesh Narkar from Mumbai is the second topper with 359 or 89.75 per cent marks. Shardul Shekhar Vichare from Thane secured the third rank in the CA Foundation exam by scoring 358 or 89.5 per cent marks. ICAI informed that 66,943 candidates appeared for the CA Final exam in group 1, of whom 14,979 passed, and the pass percentage is 22.38 per cent. In group 2, a total of 46,173 students took the CA Final exam and 12,204 passed. The pass percentage in this group is 26.43 per cent. A total of 29,286 candidates took the exam in both groups, of whom 5,490 passed and the pass percentage is 18.75 per cent. In CA Inter, 97,034 students wrote the exam in group 1 and 14, 232 of them passed. The pass percentage is 14.67 per cent. In group 2, 72,069 students appeared, 15,502 passed and the pass percentage is 21.51 per cent. A total of 38,029 students appeared for the Inter exam in both groups, of whom 5,028 or 13.22 per cent passed. For the ICAI CA Foundation May exam, 82,662 candidates appeared and 12,474 of them passed. The pass percentage is 15.09 per cent.

Clarity on power costs could speed up India's transition to clean energy
Clarity on power costs could speed up India's transition to clean energy

Mint

time2 days ago

  • Mint

Clarity on power costs could speed up India's transition to clean energy

The government's recent decision to reduce inter-state transmission incentives for renewable energy (RE) from sources like solar and wind is a timely step to reduce distortion in the bills of states that use India's arterial inter-state transmission system (ISTS). Thus far, states using ISTS wires for non-RE supplies more than RE—like Rajasthan and Gujarat, which are both big RE producers—have ended up paying higher bills. On the other hand, states like Jharkhand and Odisha, which generate plenty of coal-fired electricity but use that network to import large RE volumes, have had to pay less. The revision of a policy aimed at widening RE access will push states to look beyond the low hanging fruit of supply from RE-rich states and develop local rooftop solar capacity and explore other RE options. Also Read: Pralhad Joshi: The International Solar Alliance has shone a path to clean energy This policy tweak also needs to be viewed in the context of an entire gamut of incentives offered to clean energy along the supply chain from generation to power purchases, an exercise that reveals challenges we must address. Among others, one of this sector's main scaffolds is the 'must run' priority that RE enjoys in the despatch of electricity under our system. There is no doubt that when the sun shines and wind blows, electricity is produced cheaper than from non-RE sources such as coal and gas. So RE is a good bet for India's climate goals. On the buyer's side, a key catalyst is the renewable consumption targets given to states. They must either produce RE or buy it from other states. Over the past decade, we have seen a sharp rise in the supply of solar electricity, aided partly by a global slide in solar panel costs. Yet, the vagaries of weather leave RE unreliable for round-the-clock supply. Also Read: Energy security: India needn't be staring at a $1 trillion import bill The proverbial shoe began to pinch a few years ago. We saw India's peak-time shortage going up sharply and our shortfall eased only after the public sector NTPC Ltd set up new fossil-fuel plants. This capacity expansion, however, implied an additional layer of embedded subsidy, since fossil-fuel plants end up operating at low capacity, which is inefficient, given the primacy given to RE. The need for grid stability has thus imposed a cost that hasn't been priced into tariffs. Thankfully, battery storage costs have also been dropping. In response, the government has been inviting bids for bundled round-the-clock RE supplies and the tariffs discovered so far are seen to be lower than those of fossil-fuel plants. For a big difference to be made, this approach needs to be scaled up. Also Read: Rely on modern geothermal energy to power our AI ambitions Costlier transmission across state borders should nudge RE importing states to complement their solar and wind efforts with storage facilities. But let's not forget that low tariff bids also reflect embedded subsidies. For clean power to dominate India on its own steam, so to speak, penalty pricing of emissions—and the emergence of a dynamic carbon market—will have to tilt the cost dynamics firmly in its favour. Right now, a subsidy maze obscures a clear picture of this sector. To reach our net-zero goal, the path we take should be optimized to ease our fiscal burden as much as possible. And to attract more private investment, states must ensure that what end-users pay reflects true costs to the extent possible. Also, regulation must be transparent. What state coffers shell out should be clear.

NHAI cracks down on contractor, officials over pavement damage on section of Amritsar–Jamnagar Economic Corridor, ET Infra
NHAI cracks down on contractor, officials over pavement damage on section of Amritsar–Jamnagar Economic Corridor, ET Infra

Time of India

time3 days ago

  • Time of India

NHAI cracks down on contractor, officials over pavement damage on section of Amritsar–Jamnagar Economic Corridor, ET Infra

Advt By , ETInfra The National Highways Authority of India ( NHAI ) has taken measures following the reported distressed condition of the pavement crust on certain sections of the six lane Sanchore–Santalpur section of the Amritsar–Jamnagar Economic Corridor (NH–754K) in affected stretch, part of Package-4 (Kilana to Santalpur) constructed by CDS Infra Projects Limited , has exhibited failure over 1.35 km (3-lane) on the Left Hand Side across 10 patches and 1.36 km (3-lane) on the Right Hand Side in 5 patches. The total length of the corridor in Gujarat is 130 investigations attribute the pavement failure to defects in the Aggregate Inter Layer (AIL), Cement Treated Base (CTB), and poor drainage. As the project operates on an Engineering Procurement & Construction (EPC) Mode and the Completion Certificate is yet to be issued, CDS Infra Projects Limited is liable to rectify all defects at its own risk and an immediate and decisive move, CDS Infra Projects Limited has been debarred from participating in all ongoing and future bids due to the pavement crust failure. A Show Cause Notice has also been issued to the contractor, proposing further debarment and a monetary penalty of ₹2.8 Authority's Engineer for the project, SA Infra in association with Upham, has also faced immediate debarment from participating in ongoing and future bids, with a Show Cause Notice for debarment having been issued. Adding to the swift disciplinary actions, the NHAI Project Director, Palanpur, has been placed under thoroughly analyze the root causes of the pavement failure and recommend comprehensive remedial measures, Expert Committees have been constituted. These committees comprise retired and current professors from prestigious institutions including IIT-BHU, IIT-Delhi, and IIT-Gandhinagar. The expert teams are currently visiting the site, collecting samples, and conducting tests to inform their detailed CDS Infra Projects Limited has already commenced rectification work on the distressed sections, aiming to restore the crucial economic corridor to its intended standards.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store