Rays Power Infra lays the foundation to build 500 MW Solar Park, signs MoU with the Rajasthan Government – EQ Mag Pro
The initiative is in alignment with the brand’s long-standing vision and mission to install domestic and international large-scale Solar Projects
New Delhi: In accordance with India’s highly-ambitious mission to convert existing fossil fuel energy generation into renewable energy output, Rays Power Infra has signed a Memorandum of Understanding (MoU) with the Rajasthan government for constructing an avant-garde PV Photovoltaic (PV) Power Station (commonly referred to as solar power plant) and generating 500 MW of green electricity. During the ongoing Dubai Expo, the parties finalized the agreement to reduce traditional electricity consumption derived from non-renewable sources.
Speaking on the latest development, Pawan Sharma, Director- Rays Power Infra said, “Rays Power Infra was constituted to promote cleaner, greener, and better environmental conditions. On the back of extensive research and development, testing and commissioning, we have established best-in-class solar projects at par with global standards in India and abroad.
We are thrilled that the Rajasthan government decided to support our vision and signed an agreement to build a 500 MW Solar Park in the state. This MoU is an instrumental step towards eco-friendly tomorrow, and we are pleased to be a part of this initiative.”
Rays Power Infra is an ingenious pioneer in the Solar EPC segment with commissioned 1 GW portfolio. Apart from the MOU signed, the company has already started construction of 500 MW of solar energy with expected commissioning in the next nine months to offset the power requirements of 50% for corporate customers and 50% for utility projects. Out of this 500 MW, 220MW would be developed in India, and the remaining 280 MW will add to the brand’s international portfolio.
The company also has global roots in Vietnam and Bangladesh, where they have recently installed large-scale solar projects. Rays Power Infra is expanding its presence across Asia, Africa, and Australian regions. Over the years, Rays Power Infra has gained expertise in the transmission, power distribution, and rooftop segment. Being a competitive solar EPC management organization in India, it extends support extensively in Consulting – Engineering – Contracting – Commissioning services.
About Rays Power Infra
Rays Power Infra was established in 2011 and has since become one of the pioneers in the Solar Park regime. The company is now an established player in Turnkey Solar EPC services, catering to the increasing renewable energy demands in the country. With its presence in almost all significant corners of the country, Rays Power has significantly contributed to the country’s National Solar Mission.
Apart from being an EPC solution provider, the brand is known for its differentiated and unique ‘Co-Developer’ approach offering cost-effective investment returns to private equity investors. Due to these traits, it has gained the confidence of customers and investors in a short stint. The brand also owns projects in the Independent Power Plant (IPP) model for both ground-mounted & rooftop segments. Over the years, Rays Power Infra has gained expertise in the transmission, power distribution, and rooftop segment. Being a competitive solar EPC management organization in India, it extends support extensively in Consulting – Engineering – Contracting – Commissioning services. It is also a massive contributor to the solar movement in the country.
Various recognitions, including “Most Promising Brand in Power and Energy Sector” by WCRC (1) in London in 2015, clearly depict the company’s success story. In 2015, the company was ranked as the 3rd Largest Solar EPC Player in the country following which it again was recognized as one of the top 10 players across the globe apart from US & China in 2017 (SOURCE- IHS MARKIT 2017).
