Mumbai, Aug. 13 -- As per an exchange filing, REC will act as the sole lender, providing 18 years of long-term financing. This marks REC's third financing for ACME's FDRE projects this year, totalling 570 MW, reflecting strong confidence in ACME's project development and execution capabilities.

The company signed a 25-year Power Purchase Agreement (PPA) with NHPC at a tariff of Rs 4.64 /Unit. This project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. Designed to meet a minimum annual CUF of 40% and peak hours' availability of 90% on a monthly basis, the project will contribute significantly to ...