India, 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.This is REC's third financing initiative of ACME Solar's FDRE project following financing of two other FDRE projects, earlier this year, with a cumulative capacity of 0 MW. These financing initiatives clearly underscore the strong confidence of leading lenders like REC in ACME's project development & execution capabilities.The company signed a 2 year Power Purchase Agreeme...