https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

SECI Signs 25-Year PPA with ACME for 300 MW Solar Project in Rajasthan – Details Inside

ACME Solar signs a 25-year PPA with SECI for its newly commissioned 300 MW solar plant in Sikar, Rajasthan, boosting its PPA-tied capacity to over 5 GW.
Indian Masterminds Stories

Jaipur/New Delhi: The Solar Energy Corporation of India (SECI) has entered into a 25-year Power Purchase Agreement (PPA) with ACME Sikar Solar Pvt. Ltd., a subsidiary of ACME Solar Holdings, for a 300 MW solar power project in Sikar, Rajasthan. The fixed tariff for power supplied from the plant stands at ₹3.05 per unit.

Incentives and Transmission Benefits

The project qualifies for the Inter-State Transmission System (ISTS) charges waiver, a key government incentive aimed at promoting early operationalization of renewable energy projects. Since the Scheduled Commercial Operations Date (SCOD) falls before the June 2025 deadline, the project benefits from this waiver, reducing transmission costs and improving overall project viability.

Capacity Addition Strengthens National Solar Footprint

The Sikar project was awarded under SECI’s ISTS Tranche XVIII, and the tariff was finalised by the Central Electricity Regulatory Commission in May 2025. With this addition, ACME’s cumulative PPA‑signed capacity has climbed to 5,130 MW. Of this, 2,890 MW is already operational, while 1,840 MW is under construction through existing Letters of Award.

SECI and Central Buyers Dominate Offtake Agreements
.
Around 86% of ACME’s total energy offtake is backed by central government entities, while the remaining 14% comes from state distribution companies. The company continues to prioritize long-term PPAs with central agencies for enhanced revenue security.

Project Commissioned Ahead of Deadline

ACME commissioned the 300 MW project on June 23, 2025, nearly a week before its scheduled supply start date of June 30. This timely execution allows the company to qualify for waiver benefits on Inter-State Transmission System (ISTS) charges, further enhancing project viability.

ACME Drives Efficiency with In-House Execution

ACME’s current portfolio spans 6,970 MW across solar, wind, hybrid, and firm dispatchable renewable energy (FDRE) assets. The firm manages its own engineering, procurement, construction (EPC), and operations and maintenance (O&M) verticals to ensure high project execution standards and cost control.

About SECI

The Solar Energy Corporation of India (SECI) is a nodal agency under the Ministry of New and Renewable Energy (MNRE), responsible for implementing renewable energy schemes and facilitating large-scale solar and wind energy projects across India. It’s a Navratna Central Public Sector Undertaking (CPSE). SECI plays a key role in power procurement, project development, and auction facilitation to accelerate India’s clean energy transition. It is dedicated to the growth and development of Renewable Energy (RE) in India, particularly in solar energy.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
UPSC Image
UPSC CSE 2024: Shakti Dubey, Harshita Goyal Among 179 Allotted IAS - IAS Continues to Be Top Choice Among Top Rankers
yogi cm
UP: CM Yogi Unveils Rs659 Crore Development Projects in Sambhal, Blends Development with Cultural Revival- Details Inside
coal-India-limited-scaled
Linkage Coal Policy Revised: CIL Permits Power Sale on Exchanges to Boost Demand - Details Inside
MECL
MECL Begins Rare Earth Drilling in Gujarat’s Kutch, Marks First NMET-Supported Initiative in State
IAS Officers Indian Administrative Services IAS logo
IAS Officer Rahul Singh Gets Two-Year Extension as CBSE Chief Till Nov 2027 - Know More About Him
GAIL MoU HCL
Strategic Collaboration: GAIL and Hindustan Copper Ink MoU to Jointly Explore Critical Mineral Resources
Army Rescue 3
Uttarakhand Disaster Update: Indian Army Intensifies Rescue Ops in Dharali & Gangotri, 225+ Troops Deployed, Air Evacuations Begin
Department of Justice India
IRPS Officer Neha Gupta Appointed as Director in Department of Justice under Central Staffing Scheme
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
How IAS Officer Aditya Singh is Redefining Governance in Madhya Pradesh | Video Interview 
IAS Karn Satyarthi
How IAS Karn Satyarthi Transformed Gumla Through Empathy and Innovation
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
UPSC Image
UPSC CSE 2024: Shakti Dubey, Harshita Goyal Among 179 Allotted IAS - IAS Continues to Be Top Choice Among Top Rankers
yogi cm
UP: CM Yogi Unveils Rs659 Crore Development Projects in Sambhal, Blends Development with Cultural Revival- Details Inside
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
IAS Karn Satyarthi
Ananth Rupanagudi IRAS
ADVERTISEMENT
ADVERTISEMENT