ACME Solar Energy (Madhya Pradesh) Private Limited

active

Prospective

ACME Solar Energy (Madhya Pradesh) Private Limited (ASEMPPL), a subsidiary of Acme Solar Private Limited, was establishing a 25 MW Solar PV project in Rajgarh district of Madhya Pradesh.ACME Solar was a SPV established by ACME Cleantech Solutions (50%), EDF Energies Nouvelles (25%), and Société Internationale d’Investissements Financiers ENR (SIIF ENR -25%) to develop solar projects across India. In October 2012, ASEMPPL had entered into a 25-year power purchase agreement (“PPA”) with MP Power Management Company and is estimated to supply 50 GWh per year.The prevailing feed-in tariff in Madhya Pradesh was US$ 0.2619/kWh (INR 15.35/Unit @ 58.6 INR/USD). On April 2013, IFC sanctioned an overall senior debt facility of US$ 50 million for various solar power farms to be developed over the next two years by Acme Solar. Out of the US$ 50 million facility, a local currency-A loan of approximately US$ 12.5 million-equivalent was proposed for ACME Solar Energy (Madhya Pradesh) Private Limited to develop the 25 MW Madhya Pradesh project, which was expected to cost around US$ 36 million.No further information was available at the time of collection of this information. The deadline for commissioning was November 2013. The project was fully commissioned in February 2014.

Energy

World Bank Group

Project

Solar, Raw Materials, Power Generation (CCGT), Government, Commercial