Latest news with #PowerPurchaseAgreement
Business Upturn
12 hours ago
- Business
- Business Upturn
ACME Solar signs PPA with NHPC for 250 MW project in Rajasthan
By Aditya Bhagchandani Published on June 20, 2025, 14:58 IST ACME Solar Holdings Limited has signed a significant Power Purchase Agreement (PPA) with NHPC Limited for a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan. The agreement spans 25 years and has been secured at a tariff of ₹4.56 per kWh, with a minimum annual Capacity Utilization Factor (CUF) of 40% and a commitment to meet 90% of peak power demand for 4 hours each day. The project is designed to leverage a hybrid energy mix comprising solar, wind, and battery storage, and will be connected to an ISTS substation with existing connectivity. This development reinforces ACME Solar's strategic role in India's clean energy transition. With this addition, ACME Solar's PPA-signed capacity now stands at 5,130 MW, of which 2,826.2 MW is operational. The company also has a confirmed project pipeline of 1,840 MW for which Letters of Award have been received. Notably, 86% of its offtake agreements are with central government entities. The project has already received regulatory clearance from the Central Electricity Regulatory Commission (CERC), enhancing its implementation timeline certainty. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
Malakoff secures concession to develop waste-to-energy facility in Melaka
MALAKOFF Corporation Bhd has secured a long-term concession from the federal government to develop, own and operate a waste-to-energy (WTE) facility in Sungai Udang, Melaka, under a public-private partnership (PPP) arrangement. In a filing with Bursa Malaysia, the company said its 60%-owned subsidiary, Sungai Udang WTE Sdn Bhd (formerly Southern Biogas Sdn Bhd), entered into a concession agreement on June 19, 2025, with the Ministry of Housing and Local Government and the Solid Waste and Public Cleansing Management Corporation. The remaining 40% of Sungai Udang WTE is held by Alam Flora Environmental Solutions Sdn Bhd, a wholly owned subsidiary of Alam Flora Sdn Bhd, which is in turn 97.37% owned by Malakoff. The proposed WTE facility will be capable of processing up to 1,056 tonnes of municipal solid waste per day and generating approximately 22 megawatts of gross renewable energy. The power generated will be sold to Tenaga Nasional Bhd under a Power Purchase Agreement to be executed with the concession company. The project will be implemented under a build-own-operate-demolish model with a total concession period of 34 years, comprising a construction period of three years, followed by 30 years of operations and a one-year closure phase. Subject to fulfilment of conditions precedent within 12 months from the date of the agreement, the project is expected to commence in the second quarter of 2026. These conditions include securing the capacity to finance the project and maintaining a minimum paid-up capital of RM5 million. The government may grant a further three-month extension if needed. The agreement grants the concession company the right to implement the project and to own and operate the WTE facility. It also authorises the company to receive, process and dispose of solid waste from a designated area, for which it will be entitled to collect gate fees. Its board of directors is of the view that the concession is in the best interest of the company. — TMR
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Business Standard
2 days ago
- Business
- Business Standard
Juniper Energy commissions 59 MWp solar project in Maharashtra's Wardha
Juniper Green Energy on Wednesday announced the commissioning of the 59 MWp solar component of its 75 MW hybrid power project in Wardha, Maharashtra. The plant, commissioned on June 6, 2025, was completed 17 months ahead of schedule, a company statement said. The Juniper Green Power Five Project has a Power Purchase Agreement (PPA) capacity of 75 MW, comprising a contracted 75 MW of solar and an additional 26.4 MW of installed wind capacity, according to the statement. The PPA was signed on November 18, 2024, with Maharashtra State Electricity Distribution Company Limited (MSEDCL), and the Scheduled Commercial Operation Date (SCOD) is set for November 17, 2026, it added. The commissioning of this solar component marks a step towards the full operationalisation of the hybrid project. "The early commissioning of our Karanja Hybrid Project, following the successful delivery of the Chapalgaon plant, highlights our strong execution capabilities and commitment to timely project delivery", said Ankush Malik, CEO, Juniper Green Energy. Juniper Green Energy is an independent renewable energy power producer in India, focused on the development, construction and operations of utility-scale solar, wind, and hybrid renewable energy projects. Headquartered in the Delhi NCR, the company has grown its operational capacity to 1.1 GWp since its inception in October 2018. Juniper Green Energy is a part of the AT Capital Group, a globally diversified investment group based in Singapore. AT Capital Group focuses on sectors, including renewable energy, residential and commercial real estate, and hospitality, with a presence in India, the GCC (Gulf Cooperation Council), Europe, and the United States. Within India, the group also operates Experion Developers, a real estate company, and Experion Capital, a Non-Banking Financial Company (NBFC) that specialises in financing real estate and infrastructure projects.
Time of India
2 days ago
- Business
- Time of India
Juniper Green Energy commissions 59 MWp solar project in Wardha, Maharashtra
Juniper Green Energy on Wednesday announced the commissioning of the 59 MWp solar component of its 75 MW hybrid power project in Wardha, Maharashtra. The plant, commissioned on June 6, 2025, was completed 17 months ahead of schedule, a company statement said. The Juniper Green Power Five Project has a Power Purchase Agreement ( PPA ) capacity of 75 MW, comprising a contracted 75 MW of solar and an additional 26.4 MW of installed wind capacity, according to the statement. The PPA was signed on November 18, 2024, with Maharashtra State Electricity Distribution Company Limited (MSEDCL), and the Scheduled Commercial Operation Date (SCOD) is set for November 17, 2026, it added. The commissioning of this solar component marks a step towards the full operationalisation of the hybrid project. "The early commissioning of our Karanja Hybrid Project, following the successful delivery of the Chapalgaon plant, highlights our strong execution capabilities and commitment to timely project delivery", said Ankush Malik , CEO, Juniper Green Energy. Juniper Green Energy is an independent renewable energy power producer in India, focused on the development, construction and operations of utility-scale solar, wind, and hybrid renewable energy projects. Headquartered in the Delhi NCR , the company has grown its operational capacity to 1.1 GWp since its inception in October 2018. Juniper Green Energy is a part of the AT Capital Group, a globally diversified investment group based in Singapore. AT Capital Group focuses on sectors, including renewable energy, residential and commercial real estate, and hospitality, with a presence in India, the GCC ( Gulf Cooperation Council ), Europe, and the United States. Within India, the group also operates Experion Developers, a real estate company, and Experion Capital, a Non-Banking Financial Company (NBFC) that specialises in financing real estate and infrastructure projects.
New Indian Express
3 days ago
- Business
- New Indian Express
APERC approves PPA, capital cost and tariff for Unit-2 of SEIL Project-1
VIJAYAWADA: The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued a significant order approving the Power Purchase Agreement (PPA), and determining the capital cost and tariff for Unit-2 of Project-1 (660 MW) of SEIL Energy India Limited, located in Nelatur and Pynampuram of Nellore district. The order, dated June 17, 2025, addresses two petitions, one from APDISCOMs — APSPDCL, APEPDCL and APCPDCL — for PPA approval, and another from SEIL for capital cost and tariff determination for FY26-FY29. The 12-year PPA, effective from the approval date, was greenlit with conditions. APERC restricted power generation to concessional or zero-premium coal allocated under the Shakthi B(iii) policy, allowing DISCOMs flexibility to procure power using premium coal when needed. The obligation for DISCOMs to pay 70% of fixed costs during non-offtake periods or cover SEIL's Force Majeure costs due to political events was rejected.
