&w=3840&q=100)
ACME Solar secures BESS projects of 275 MW/550 MWh in Andhra Pradesh
The project requires system availability for two full operational cycles of two hours each every day, a company statement said.
ACME Solar Holdings Ltd has emerged as the winning bidder for NHPC's tender for cumulative capacity of 275 MW/550 MWh standalone BESS projects in Andhra Pradesh across two projects at Kuppam and Ghani, the statement said.
The company's winning bid for the Kuppam project was at a tariff of Rs 2,10,000 per MW per month with a capacity of 50 MW/100 MWh, it said.
Its winning bid for the Ghani project was at a tariff of Rs 2,22,000 per MW per month with a capacity of 225 MW/450 MWh, as per the statement.
As part of the project, ACME Solar will receive viability gap funding of Rs 27 lakh per MWh, or 30 per cent of the total project cost, whichever is lower, it said.
The auction was part of a tender issued by NHPC in February 2025 to enhance energy storage capacity in Andhra Pradesh.
ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio of 6,970 MW and 550 MWh spanning solar, wind, storage, FDRE and hybrid solutions.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
31 minutes ago
- Deccan Herald
Lorry owners withdraw stir after Karnataka govt promises payment
Of the Rs 244.1 crore that the government has decided to disburse, Rs 180.63 crore will be allocated from general category quota, while Rs 43.93 crore will be sourced from Scheduled Caste Sub-Plan (SCSP), and Rs 19.52 crore from Scheduled Tribe Sub-Plan (STSP).
Time of India
an hour ago
- Time of India
Govt's MSP for mangoes a rotten deal for growers
Bengaluru: Although well-intended, the govt's market intervention to rescue mango growers from a price crash has backfired, leaving thousands of farmers worse off. They have been forced to sell their produce at a fraction of the cost of cultivation and are still waiting for payment nearly two weeks after registering. While the scheme aimed to provide relief by procuring mangoes at a minimum support price (MSP), many farmers say the compensation is so low that it's compounding their losses rather than reducing them. "Not a single beneficiary has got money although it is 15 days since 6,000 farmers registered for the scheme," said Neelatur Chinnappa Reddy, president, Kolar Mango Growers' Association. "Crops are decaying with the govt taking its time. But the main issue is the low price the govt has fixed. It does not cover even 25% of production costs." You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Official data shows Karnataka had a bumper yield of 10 lakh tonnes of mangoes from 1.3 lakh hectares this season. That bounty — along with low exports — led to a market glut and a sharp price crash, especially in Kolar, Chikkaballapur, Bengaluru South, and Bengaluru Rural districts. To soften the blow, the state decided to infuse Rs 101 crore — 50% to be borne by the Centre — in the market and procure 2.5 lakh tonnes of mangoes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Drink 1 Cup Every Morning – See What Happens A Week Later! Health Watcher Undo The Indian Council of Agricultural Research (ICAR) had pegged MSP at Rs 1,616 per quintal (or Rs 16.2/kg). But the state chose to offer just 25% of this — only if market prices dipped below that level — effectively capping the payout at Rs 4 per kg. Given that average cost of production stands at over Rs 12 per kg, the scheme is being slammed as inadequate and flawed. "MSP should be increased to Rs 12 to match production cost," said Reddy. "The cap of five acres should be increased to 10 and the cap on quantity of procurement should be increased from two tonnes per acre to four." Adding to farmers' woes is a delay in payments, as Karnataka State Mango Development and Marketing Corporation has not yet opened a direct benefit transfer (DBT) account. The finance department is yet to grant approval. Reddy said the growers' association has given the govt time till Wednesday to resolve issues. "Failing which, they will lay siege to Kolar deputy commissioner's office," he said. Farmers also allege that the scheme's eligibility rules exclude most of them. Of the nearly 95,000 mango growers in Karnataka, only 6,673 have been able to register, largely because most cultivate mixed crops like ragi or green gram along with mangoes — a practice disqualified under current rules. Agriculture minister N Cheluvarayaswamy acknowledged the procedural roadblocks and said he would take up the issue with chief minister Siddaramaiah. "Although MSP for mangoes is handled by the departments of cooperation and horticulture, the CM asked me to oversee it. I will bring these issues to his notice," said Cheluvarayaswamy. Kolar district minister Byrathi Suresh also promised quick action. "I will speak to finance officials to ensure approval to open a DBT account," he said.
Time of India
an hour ago
- Time of India
Lokesh brings Sattva project, ANSR GCC campus to Vizag
Vijayawada: By promoting the opportunities in Andhra Pradesh, minister for ITE&C, Nara Lokesh, secured two key investment proposals during a roadshow in Bengaluru. The ANSR Group signed an MoU with the state govt to establish a GCC Innovation Campus in Visakhapatnam. Meanwhile, Sattva Group announced plans to develop a 30-acre Sattva Vantage Vizag Campus for mixed-use development. Calling it the best time to invest in Andhra Pradesh, Lokesh explained how Quantum Valley is set to shape up in the next six months with the installation of India's first-ever quantum computer. He met top leaders of several corporate giants as part of his roadshow and presented the state govt's vision and plans to develop Andhra Pradesh as the next destination for tech investments. ANSR will enable global tech firms to establish GCCs in Andhra Pradesh. The ANSR Innovation Campus is expected to create 10,000 highly skilled jobs in the next five years. At the same time, Sattva Group plans to invest Rs 1,500 crore in its project, which will feature a blend of grade A offices, premium residential developments, and integrated urban infrastructure. Once operational, the campus is expected to generate over 25,000 direct employment opportunities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mulher de 58 anos com rosto de bebê? Passe isso no rosto e veja. aartedoherbalismo Undo The GCC Innovation Campus will be located in the Madhurawada IT cluster in Visakhapatnam. So far, ANSR has established 135 GCCs across the globe with $2 billion in investments. Lalit Ahuja, the CEO of ANSR, said that Visakhapatnam is poised to become a destination for leading global enterprises. Describing Visakhapatnam as a unique blend of Bengaluru and Goa, Lokesh said that the aim of the govt is not just to transform the city into a business-friendly city but also a magnet for top talent. With Google setting up its first and largest data centre outside the US, Visakhapatnam is set to become India's largest data city with enhanced cloud-computing infrastructure, AI labs, analytics hubs, and computing clusters, said Lokesh. He observed that the state govt has already allotted land at highly subsidised prices to companies like TCS and Cognizant, and the state govt is targeting the top 100 IT companies to set up shop in Visakhapatnam. Lokesh, who is also the minister for human resources development (HRD), explained how the state govt is bringing reforms into the education sector by aligning curricula to generate capable human resources. Lokesh also met Prestige Group chairman Irfan Razak and invited him to invest in the Andhra Pradesh real estate sector.
