The total investment is estimated at Rs2.400 billion (US$39.9 million). The power purchase agreement is for a period of 25 years with the CSPDCL.
The project will boost Acme’s total solar capacity to 180MW. The firm plans to own 1,000MW by 2017. Manoj Kumar Upadhyay, CEO, Acme Solar, stated:
With this addition, our solar power portfolio has reached 180 MW and we are on way to generate 1000 MW by year 2017. We thank the Chhattisgarh State Authorities and look forward for support from all stakeholders to help us in achieving the dream of making Chhattisgarh a model state for energy-efficiency.
ACME Solar is a three-way joint venture between ACME Cleantech Solutions Limited, EDF Energies Nouvelles (EDF EN), the renewable energy arm of French state-run electricity utility Électricité de France S.A., and Luxembourg-based natural resources saving group EREN.