1 week ago
ACME Solar Signs 130 MW Renewable Power Deal with Railway
ACME Solar is planning a renewable energy project for Northeast Frontier Railway.
The project will have a capacity of 130 megawatts.
It is designed to provide renewable electricity around the clock.
Electricity deliveries are expected to start on February 25, 2029.
The agreement will last for 25 years.
The railway will pay Rs 4.35 for each unit of electricity.
The project is intended to help meet the railway sector’s electricity needs.
It also supports the use of renewable energy.
ACME Marigold Urja Private signed a Power Purchase Agreement with Northeast Frontier Railway for a 130 MW round-the-clock renewable energy project.
The project was awarded by REMC, while the PPA was signed with Northeast Frontier Railway.
Power supply is scheduled to begin on February 25, 2029, under a 25-year agreement.
The contracted tariff is Rs 4.35 per kWh for each year of the PPA tenure.
ACME Solar Holdings reported a 6,970 MW operational and under-construction portfolio as of March 2025.
- Who
- ACME Marigold Urja Private, a wholly owned subsidiary of ACME Solar Holdings, and Northeast Frontier Railway.
- What
- They signed a 25-year PPA for a 130 MW round-the-clock renewable energy project.
- Where
- The articles identify Northeast Frontier Railway as the power purchaser but do not specify the project location.
- When
- Supply is scheduled to begin on February 25, 2029.
- Why
- The project is intended to meet railway electricity requirements while supporting renewable energy use.
Key facts
- Project capacity
- 130 MW
- Power type
- Round-the-clock renewable energy
- Power purchaser
- Northeast Frontier Railway
- Supply start date
- February 25, 2029
- PPA duration
- 25 years from the scheduled supply commencement date
- Tariff
- Rs 4.35 per kWh each year during the PPA tenure
- ACME portfolio
- 6,970 MW operational and under construction as of March 2025
Sources
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