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

29 Sep 2025

Hiranandani Launches India’s Largest Coastal Township in Alibaug

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India Plans Rs 70 Billion Push for Shipbuilding and Ports

The Indian government is preparing a Rs 70 billion stimulus for the shipping sector, with the Union Cabinet expected to review three major schemes shortly, according to media reports. The initiative reflects India’s efforts to expand shipbuilding, port infrastructure, and maritime trade capacity in the coming years.Shares of leading shipbuilders such as Shipping Corporation of India (SCI), Garden Reach Shipbuilders & Engineers (GRSE), and Mazagon Dock Shipbuilders have already risen on expectations of government support.The plan centres on three key initiatives: a Rs 20 billion Shipbuild..