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ACME Solar Holdings (ACME Solar) has emerged as the winning bidder for 130 MW under e-Reverse auction conducted by REMC's 1000 MW Round-the-Clock (RTC) Renewable Energy project tender. The company's winning bid was Rs 4.35 per unit . The letter of award is expected to be awarded within the timelines prescribed in the tender document.
This bid is for procurement of power by end user, i.e. Indian Railways, which requires consistent power profile throughout the day due to its unique load requirements. The Railways will enter into a direct Power Purchase Agreement (PPA) with the winning bidders without any intermediary. This bid and tariff discovered demonstrates the competitiveness of renewable energy to provide high CUF power throughout the day by co-locating Solar/wind and battery at most competitive price.
As part of this winning bid, ACME Solar will be required to supply renewable energy complemented with dispatchable sources and/or Energy Storage Systems (ESS) from ISTS connected projects to ensure firm, round-the-clock clean power, in line with the obligations laid out in the tender document. It mandates a minimum annual availability of 75% for the first three contractual years from commissioning and 85% thereafter. This will necessitate a multiplier of contracted capacity of solar and battery installation with optimal amount of complementary wind power as and when required. ACME Solar will commission this project within 30 months of signing the PPA. This commissioning will be expedited by availability of land and connectivity available within the ACME portfolio.
IL JIN Electronics (India) (IL JIN), a material subsidiary of Amber Enterprises India, has further acquired (Indirect) ordinary shares (0.96% stake) of Unitronics (1989) (RG) (Unitronics) through ILJIN Holding, an Israel-based wholly owned subsidiary of IL JIN.
The details of the aforesaid acquisitions are as under : „h
Consequent to the above acquisitions, IL JIN, through its investment vehicle ILJIN Holding, now holds a 41.16% ownership stake in the equity share capital of Unitronics.
Prior to this, the company had already obtained ICAT certification for its BLDC Hub Motors in the following categories:
„h- 10¡¨ Inch ¡V 800W and 1500W „h- 12¡¨ Inch ¡V 2kW „h- 12¡¨ Inch ¡V HUB Motor Rear Wheel Rims These motors are primarily developed for Electric Vehicle (EV) applications. BLDC Hub Motor 6¡¨ Inch for Tricycles is now added to the above list.
ICAT from Manesar, Gurugram functions under the National Automotive Board (NAB), Government of India.