ACME Wins Rs 474 Million Compensation In RERC Change-In-Law Case
POWER & RENEWABLE ENERGY

ACME Wins Rs 474 Million Compensation In RERC Change-In-Law Case

ACME Aklera Power Technology Private Limited, a subsidiary of ACME Solar Holdings Limited, has secured compensation of about Rs 474 million as change-in-law relief from the Rajasthan Electricity Regulatory Commission (RERC). The ruling is expected to boost revenue for the company’s 250 MW solar project contracted with SECI, providing an additional 3.5 per cent income over a 15-year period. The order sets a significant precedent for regulatory clarity and cost stability in India’s renewable-energy sector.

The awarded amount covers the imposition of basic customs duty on solar cells and modules, the increase in GST from 5 per cent to 12 per cent, and carrying costs associated with these changes. The compensation will be paid through an annuity mechanism at a discount rate of 9 per cent over 15 years, ensuring a fair recovery of unforeseen regulatory cost escalations while safeguarding project economics.

The timely adjudication by RERC and its clear directions for payment have reinforced confidence among investors and developers, highlighting a supportive regulatory environment for renewable-energy growth in India

ACME Aklera Power Technology Private Limited, a subsidiary of ACME Solar Holdings Limited, has secured compensation of about Rs 474 million as change-in-law relief from the Rajasthan Electricity Regulatory Commission (RERC). The ruling is expected to boost revenue for the company’s 250 MW solar project contracted with SECI, providing an additional 3.5 per cent income over a 15-year period. The order sets a significant precedent for regulatory clarity and cost stability in India’s renewable-energy sector. The awarded amount covers the imposition of basic customs duty on solar cells and modules, the increase in GST from 5 per cent to 12 per cent, and carrying costs associated with these changes. The compensation will be paid through an annuity mechanism at a discount rate of 9 per cent over 15 years, ensuring a fair recovery of unforeseen regulatory cost escalations while safeguarding project economics. The timely adjudication by RERC and its clear directions for payment have reinforced confidence among investors and developers, highlighting a supportive regulatory environment for renewable-energy growth in India

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code