ACME today said it has signed power purchase pacts for 30MW solar photo-voltaic power projects with Uttar Pradesh Power Corporation Limited. The power plant will be set up at Mahoba District in the state, over 150 acres of land.
"As per the terms and conditions of the agreement, ACME Group would provide approximately 50 million units power annually for a period of 12 years at a tariff of Rs 8.93 per unit. We look forward to helping the state bring down its power demand-deficit and support from all stakeholders in making this state an ideal green state," Manoj Kumar Upadhyay, Founder & Chairman, ACME Group said.
This project would entail an estimated investment of approximately USD 37 million (Rs 225 crore). The work on the project shall commence by November 2015 and will be commissioned by August 2016.