Rays Power Infra to commission 2 solar plants in FY15

Rays Power Experts, a solar power development and EPC company, has said it will commission two solar power plants during the current financial year.

"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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Bureaucrats have enjoyed flying miles at taxpayer expense for too long

    The beleaguered Indian taxpayer will certainly applaud prime minister Narendra Modi’s attempt to deliver on his promise of cutting down fiscal defic

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: CHAIN REACTION

A domino effect is the cumulative effect produced when one ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture