We have secured INR 3,404.57 crore in long-term project funding from Power Finance Corporation Limited (PFC) for our ACME Urja One Pvt Ltd (Phase III) 250 MW FDRE project, supporting its development and construction.
PFC will serve as the sole financier for the project, with a repayment tenor of 19 years. This milestone takes our total project funding raised during the current fiscal to INR 6,051 crore.
The project spans Fatehgarh-II in Jaisalmer, Rajasthan, and Jamkhambhaliya in Devbhumi Dwarka, Gujarat. It integrates solar, wind, and battery energy storage systems (BESS) to meet supply obligations while ensuring higher predictability and dispatchability. The project is being developed under a 25-year PPA with NHPC Limited at a tariff of INR 4.33 per unit, which is already approved and adopted by the Central and State Regulators.
#FDRE #ProjectFinance #BESS #Infrastructure #RenewableEnergy #ACMESolar