Mumbai, Aug. 13 -- ACME Hybrid Urja, a wholly owned subsidiary of ACME Solar Holding, has secured long-term project financing of Rs 3,184 crore from REC for the development & construction of a 280 MW Firm & Dispatchable Renewable Energy Project (FDRE), contracted with NHPC. REC will serve as the sole lender for this project thereby provided long-term financing for 18 years.

Published by HT Digital Content Services with permission from Capital Market....