ACME to ride high tide of India’s energy growth

We have committed to the Indian government at the Re-invest 2015 to develop 7,500MW of solar projects during the 5 year period of 2015-19.
– Prashant Panda, President, ACME Solar
  ACME is a solar power developer with a portfolio of 1,650MW. It forayed into this sector in the year 2010. It is planning to be at 7,500MW by 2019. The company is also exploring other geographies to evaluate business potentials. Prashant Panda, President, ACME Solar feels, it is still very early to comment on power surplus target.
“ACME’s contribution is widely acknowledged by the momentum of growth it has maintained from having an installed capacity of 15MW in 2011 to more than 500MW in 2016. This growth is attained by way of incorporating best available technology at most affordable cost from around the globe,” he informs. 
Odds will soon be overcome Today, Indian power sector is witnessing the change. The country is expected to have surplus power supply in financial year 2016-17 with the continuous addition of new power generating sources including renewable sources and also an improved supply of coal to thermal power plants which have a lion share in total power generation scenario of our country. However,  Panda observes, “A large populace of the country is still bereft from continuous supply of electricity and load shedding is still a perennial problem in many areas. Many rural localities are still waiting to be connected to the main grid. But with the impetus being given by the government, to 24/7 supply to all, these ills will soon be overcome,” shares Panda while commenting on India’s expected power surplus in financial year 2016-17.”
Further he points out, “When we look back and see the transformation in the sector in the last decade where the country was reeling under severe power crisis and the spot price of power at exchanges touched a new height and the current scenario where the cost of power procurement at exchanges is cheapest of the entire available power supply contract chain.”

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