Rays Power Infra Signs MoU with the Rajasthan government to build 1800 MW Solar Park – EQ Mag
The endeavor is in line with the company’s long-standing vision and objective to build large-scale solar projects both domestically and internationally.
Jaipur : Rays Power Infra has signed a Memorandum of Understanding (MoU) with the Rajasthan government in the presence of Hon’ble Chief Minister Shri Ashok Gehlot to build an avant-garde PV Photovoltaic (PV) Power Station (also known as a solar power plant). In accordance with India’s far-reaching goal of converting existing fossil-fuel energy generation into renewable energy output, the Solar Park will generate 1800 MW of renewable power, divided among three 300 MW projects and one 900 MW project. The entire project, the largest in the country, is estimated to be worth INR 9140 Crore.
Speaking on the latest development, Pawan Sharma, Director – Rays Power Infra said, “.Rays Power Infra was established with the goal of promoting cleaner, greener, and better environmental circumstances. We have created best-in-class solar projects in India and overseas, based on rigorous research and development, testing, and commissioning. We are overjoyed that the Rajasthan government has opted to support our vision and has signed a deal to create an 1800 MW solar park in the presence of the state’s chief minister, Shri Ashok Gehlot. This MoU is an instrumental step towards eco-friendly tomorrow, and we are pleased to be a part of this initiative.”
Added by Mr. Mayank Sharma, President – Rays Power Infra – It is a time of triumph and pride for all of us and our firm. As long as the provisions are clearly stated, an MOU can help to foster beneficial relationships between parties. It will serve as a catalyst for our company’s growth and development. This MOU, with the Government of Rajasthan signed in the presence of its highest order, will create a shared objective for all future agreements and engagements. This MOU will serve as a record of our agreement on a common ground and our shared understanding of a common course of action. This MOU will result in an environment that is welcoming to investors, a market that is always expanding, and growth opportunities that allow for healthy competition among various enterprises to advance Rajasthan’s economic stature.
Rays Power Infra is one of the leading solar players in the country with a commissioned 1.30 GWp portfolio. The company has initiated the development and execution of solar parks and solar plants aggregating to 2.00 GWp with expected commissioning in the next 24 months contributing to the power requirements of the consumers. It is also developing large scale solar parks in Rajasthan, which will be utilized for setting up utility-scale and C&I projects.
The company has a global presence having installed large-scale solar projects in Vietnam and Bangladesh. Rays Power Infra is expanding its presence across Asia and MENA regions.
