ACME, NHPC, Bihar-Based Startup Get SIPB Clearance for Solar Projects

ACME Group through its two arms ACME Nalanda Solar Power and ACME Magadh Solar Power to set up 15 MW and 10 MW solar projects respectively in Kakwara village of Banka, Bihar with an aggregate investment of about Rs 188.76 crore.

In a move to boost solar power generation in Bihar, the State Investment Promotion Board (SIPB) has provided its stage -1 clearance for the proposals of three companies, i.e. ACME, NHPC, and Hemlet and Solar Project Collaborators Pvt Ltd, to set up solar power projects in the state.

Country’s one of the leading utility-scale solar power developer ACME Group through its two arms ACME Nalanda Solar Power and ACME Magadh Solar Power to set up 15 MW and 10 MW solar projects respectively in Kakwara village of Banka, Bihar with an aggregate investment of about Rs 188.76 crore.

Besides, NHPC, which is the Indian hydroelectric power generation company, to set up two solar power projects in the state of Bihar at a combined cost of approx. Rs 274.95 crore.

Of the two projects, NHPC to set up one project having capacity of 250 MW electricity in Gaya and another project with capacity of 10 MW power generation in Khagaria of Bihar respectively.

On the other hand, a Bihar-based startup Hemlet and Solar Project Collaborators to set up 500 MW capacity solar project in Patepur block of Vaishali district in Bihar with an investment of about Rs 3,600 crore.