ACME Solar Receives Rs 31.84 Billion for Renewable Energy Project

18 Aug 2025 CW Team

ACME Hybrid Urja, a subsidiary of ACME Solar, has received Rs 31.84 billion from REC Ltd to build a 280 MW firm and dispatchable renewable energy (FDRE) project. The construction will be carried out with NHPC. REC is the sole financier for the project, with the tenure of the financing being 18 years.

This is the third time REC has financed an ACME Solar FDRE project, the first two times being earlier projects which have a combined capacity of 570 MW. Under the contract, ACME will provide NHPC with power at a tariff of Rs 4.64/kWh for the next 25 years. The power will be generated from multiple renewable energy technologies such as solar and battery energy storage systems. The project is designed to meet a minimum annual capacity utilization factor (CUF) of 40% and a monthly peak hours availability of 90%.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

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SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

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Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..