Regarding exemption of construction phase bank guarantee for an applicant who fulfils the exemption eligibility criteria post-submission of LTA application This order pursued by Acme saves the entire industry from construction BG if PSA is signed. Great contribution by Acme to the RE industry. Congratulations For more information please see below link:
GAIL in talks to buy stake in ACME Solar Holdings
The state-owned company formerly known as Gas Authority of India is said to be carrying out due diligence on solar power plants owned by ACME Solar. It is yet to discuss financial terms with ACME’s shareholders. The state-run player could pick up anywhere between 49-74% stake in ACME Solar holdings if discussions progress towards a […]
Application for adoption of Transmission Charges with respect to the Transmission System being established by Bikaner-Khetri Transmission Limited
Application under Section 63 of the Electricity Act, 2003 for adoption of Transmission Charges with respect to the Transmission System being established by Bikaner-Khetri Transmission Limited For more information please see below link:
ACME Solar terminates deal with NTPC for 600 MW project, wants bank guarantee refund in 3 days
NTPC has decided to reduce the tariff by 31 paise from the allotted tariff of Rs 2.59 per unit if Acme denies the imposition of the safeguard duty. Acme Solar, one of India’s fastest growing companies in the solar energy sector, has refused to work on a 600 MW project of the NTPC. Acme Solar […]
600MW project no longer feasible: Acme solar to NTPC
Acme had won the project in an auction conducted by NTPC last August where it quoted a tariff of Rs 2.59 per unit. BENGALURU: Acme Solar, the largest solar developer in the country, has told NTPCNSE 0.84 % that a 600 MW project it won in an auction is no longer feasible as the power […]
Acquisition Activity In Indian Renewable Energy Market Heats Up
Leading renewable energy generation companies are aggressively looking to expand their portfolios through inorganic means as minor players look to exit power plants in the face of increasing competition and unviable growth prospects. According to different media reports, renewable energy generators Mahindra Susten and government-owned power trading company PTC India are looking to sell their […]
