ACME to Invest Rs 600 Crore in Punjab

-- Selected for 74 MW solar power projects

-- ACME won bids at RFP floated by the Punjab Government  

-- Total portfolio increases to 701 MWp

-- To make investment of Rs 600 crore for the project

-- ACME to generate 7500 MW solar power by 2019

ACME Group, India’s leading solar power player in India, today announced that it has emerged as the largest developer for successfully securing 74 MW of solar PV power projects under the Punjab State Solar PV Tender of 250 MW capacities, issued by Punjab Energy Development Agency.

As per the RFP document, ACME would be signing two PPAs of 24 MW and 50 MW capacity, at a tariff of Rs. 7.16/ kwh and Rs. 7.06/ kwh respectively.

Commenting on this momentous occasion, Mr. Manoj Kumar Upadhyay, Founder & Chairman, ACME said ,”We take pride in announcing our partnership with the Punjab State Government as the largest solar power developer in the State and help them  in their endeavor to fuel the Solar Revolution in the country.  We thank the Punjab Electricity Development Agency and offer our complete support to achieve their mission to bring down the GHG emissions through using renewable energy resources.  Through our expertise, we shall bring to the state the success of renewable energy similar to that the country witnessed in the telecom sector.”

This project would entail an estimated investment of Rs 600 crore.

Punjab has the advantage of 300 sunny days and estimated potential of solar energy at 4-7 KWh/Sq.mtr of solar insolation levels.  The state government aims to tap this resource for strengthening power infrastructure in the State by setting up Solar Energy based power projects so as to save the depleting resources for our future generation and to combat global warming, fast depleting conventional sources of energy and resultant increased environmental pollution and combat climate change. 

About ACME Group:

The ACME Group is a leader in the field of energy management and innovative solutions for the wireless telecommunications and alternate energy sector. It prides itself as a pioneer in the development of green technology solutions that are environment friendly, energy efficient, & cost effective and also capable of delivering a quick return on investment.

ACME aims to install solar power capacities up to 7500 MW by year 2019 and has a current portfolio of 701 MWp at present.

The ACME group is a result of the vision and commitment of its founder, Mr. Manoj Kumar Upadhyay. He sought to realize this goal by providing radically new technology solutions through intensive research and development instead of making incremental changes to existing technologies. The establishment of ACME Cleantech Solutions Ltd. (formerly ACME Tele Power Limited) in 2003 was the first step towards realization of this dream.

Today ACME products are installed over 1,50,000 telecom sites across the globe. ACME products help significant Carbon Emission Savings to the tune of 2.2 million tonnes per annum.

ACME has enabled telecom expansion to farthest as well as most interior and hitherto unconnected regions of India while reducing carbon emissions from the telecom site as well. The Company today enjoys an international presence, through its own establishments, channel partners, and associates. 

For further information, please visit http://www.acme.in/