ACME Solar to set up 100 MW solar power plant in Rajasthan

Estimated cost at Rs 808 crore; IFC to support project

ACME Solar is planning to set up a 100 MW solar power plant in Rajasthan at an estimated cost of Rs 808 crore.

International Finance Corporation (IFC) will support the project through  'A' Loan of up to Rs 201.9 crore and possible syndication of up to Rs 388.3 crore. 

According to IFC's project disclosure report,  the power plant will be developed by ACME Solar through its five wholly owned subsidiaries -  Ranji Solar Energy Private Limited, ACME Gurgaon Power Private Limited, ACME Rajdhani Power Private Limited, ACME Mumbai Power Private Limited and Medha Energy Private Limited.

The greenfield project will come up at Bari Seer in the Jodhpur district of Rajasthan and is expected to be commissioned by April 28, 2015.

ACME Solar is an independent power producer that builds, owns and operates solar power plants in India. The company has commissioned a 25 MW solar power plant in Madhya Pradesh and is developing a 25 MW solar power plant in Odisha.