ACME, ReNew win 500 MW solar project in Maharashtra

08 Jul 2021 CW Team

ACME Solar Holdings and ReNew Solar Power won the Maharashtra State Electricity Distribution Company Limited (MSEDCL) solar auction to procure power from 500 MW of solar photovoltaic (PV) projects on a long-term basis.

ACME Solar Holdings won a capacity of 300 MW valuing Rs 2.42 kW per hour. Meanwhile, ReNew Solar Power won 200 MW valuing Rs 2.43 kW per hour.

The solar tender was oversubscribed by 3.5 GW and had received a great response from the bidders. In May, the state distribution company (DISCOM) had floated the tender to procure 500 MW of power from interstate or intrastate solar projects on a long-term basis.

MSEDCL officials said that the main reasons for such an enormous response are the absence of a ceiling tariff this time around, which was Rs 2.90 kW per hour prior. Lower earnest money deposit of Rs 400,000 per MW, which was Rs 500,000 per MW for Phase-V tender, and lower performance bank guarantee of Rs 800,000 per MW, which was Rs 1.4 million per MW for the earlier tender.

The tender of MSEDCL for the long-term procurement of power from 500 MW of intra-state grid-connected solar power tenders was undersubscribed earlier.

In the case of new solar projects, MSEDCL will enter into a power purchase agreement (PPA) to purchase solar power for 25 years from the listed commercial operation date with the selected bidders.

In May this year, a Tata Power subsidiary, TP Saurya, was announced as the winner for setting up 250 MW of grid-connected solar PV projects at the Dondaicha Solar Park in Dhule in Maharashtra State Power Generation Companies (MAHAGENCO) auction.

Image Source

Also read: ACME Solar enters deal with Brookfield Renewable for solar project

Also read: Acme Solar withdraws petition to cancel PPAs signed for Rajasthan projects

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..