Energy management firm Acme said on Tuesday it has signed a 25-year power purchase agreement with the Chhattisgarh power distribution company to supply power from its 30 MW solar plant to the state.
“Acme Group has signed a power purchase agreement with Chhattisgarh State Power Distribution Company for supplying electricity from its 30 MW solar PV project in the state,” a release issued here said.
As per the agreement, the company will provide around 50 million units power annually for a period of 25 years at a tariff of Rs 6.46 per unit.
Acme will be investing Rs 210 crore for setting up the project, the work on which is expected to commence by June 2015 and the plant will be commissioned by December next year, the release said.
The company, which has an existing portfolio of 422.5 MW with projects in the states of Gujarat, Madhya Pradesh, Rajasthan, Odisha, Chhattisgarh, Assam, Uttar Pradesh and Bihar, aims to generate 1000 MW by 2017.