Author: PPD Team Date: 17/06/2025
ACME Solar Holdings Private Limited has signed a 25-year power purchase agreement (PPA) with NHPC Limited for a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan.
The agreement follows ACME Solar’s win in December 2024, where it secured the capacity at a tariff of Rs 4.56 per kWh under NHPC’s Tranche-VI FDRE auction.
The project will be developed on a build, own, and operate (BOO) basis and will be connected to the Inter-State Transmission System (ISTS). It will include a 1,150 MWh Battery Energy Storage System (BESS) to ensure a reliable, round-the-clock supply.
NHPC had issued the Request for Selection (RfS) in June 2024 for 1,200 MW FDRE capacity, along with a greenshoe option of an additional 1,200 MW. The tender was floated under the Tariff Based Competitive Bidding (TBCB) mechanism and was open to developers across India.
The ACME project is scheduled for commissioning by June 2027.