Rays Power Infra to commission 2 solar plants in FY15
Apr 18 2014 , New Delhi
"Our (5 MW) Naguar plant in Rajasthan will be ready by the end of the fiscal FY'15 and one at (25 MW) Medak in Andhra Pradesh is likely to be commissioned by September 2014," Ketan Mehta, Director, Rays Power Infra said.
He added that the company is yet to acquire land for its proposed solar park at Neemuch in Madhya Pradesh.
The company recently commissioned 14 projects and its total generation capacity is 85 MW with 56 projects.
The company has also signed a 25 MW project for an Independent Power Producer in March 2014 which will be commissioned by June 30.
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 to help them combat land related and local issues as well as conversion related problems, ensuring fast bank finance and speedy execution.
The company is engaged in services for both grid-connected and off grid solar projects on turnkey basis.
Rays Power Infra is also looking to complete its solar power projects in other states including Punjab, Tamil Nadu and Madhya Pradesh.