ACME Solar has secured Rs 2,646.64 crore long term project funding for its ACME Greentech Seventh 450MW/1800MWh Assured Peak Power Project from REC. The company will deploy these funds for the development & construction of this project. REC will serve as the sole financer for this project for 20 years. The PPA for this project was signed with SJVN at a tariff of INR 6.74/unit for a period of 25 years.
The ACME Greentech Seventh Assured Peak Power Project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability.
Anand Rathi FME (IFSC), a wholly owned subsidiary of Anand Rathi Wealth, has received an In-principle approval from the International Financial Services Centres Authority (IFSCA) for registration as a Fund Management Entity (Non-retail) at the International Financial Services Centre (IFSC), GIFT City, Gujarat.
Pursuant to the aforesaid approval, Anand Rathi FME (IFSC) shall undertake the necessary steps, including fulfilment of applicable regulatory, operational and capital requirements, as prescribed by IFSCA, for obtaining the final certificate of registration and commencement of its business activities in due course of time.
The commencement of operations shall be subject to receipt of the final registration from IFSCA and compliance with all applicable laws, regulations and conditions stipulated by the regulatory authority.