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ACME Sun Power gets ₹3,753-cr loan
Mint Mumbai
|November 18, 2024
CME Sun Power Private Ltd, a wholly-owned subsidiary of ACME Solar Holdings Ltd, has secured ₹3,753 crore in term loan from state-run infrastructure lender REC Ltd for development and construction of firm and dispatchable renewable Energy (FDRE) projects with a cumulative capacity of 320 megawatt (MW) in collaboration with hydropower producer SJVN.
The projects would be located at high-resource potential areas at Jaisalmer, Rajasthan for solar capacity and Bhuj and Jam Khambhaliya, Gujarat, for windmill sites. Power purchase agreement has been sign
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