Rays Power commissions 14 solar power projects in FY14

Rays Power Experts, a solar power development and EPC company commissioned 14 projects last fiscal.

The company's solar power capacity is now 85 MW with 56 projects.

"We always strive to develop more and more projects in the most efficient manner," Rahul Gupta, Director, Rays Power Experts said in a statement today.

Rays Power is now starting two new parks in Rajasthan for 100 MW of capacity.

It has also signed a 25 MW project for an Independent Power Producer in March 2014 which will be commissioned by June 30, the company said.

For the VGF (Viability Gap Funding) based model, the company has set up solar parks across the country to take care of solar projects of 750 MW capacity.

In these parks, dedicated infrastructure and transmission lines will be provided to the investors, the company said, adding that it will help them combat land related and local issues as well as conversion related problems, ensuring fast bank finance and speedy execution.

EDITORIAL OF THE DAY

  • PSU banks can take a lesson from their private peers on disclosures

    The country’s top private lenders ICICI Bank and Axis Bank declared their fourth quarter earnings recently and both stepped up their asset quality d

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Kuruvilla Pandikattu

Black and white of morality

Would you kill one innocent person to save five? Choose ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture