Rays Power Infra bags India's largest single solar EPC project of Essel Infra

With the total investment outlay of 700 crores, the projects will power more than 30,000 households.

Dec 03, 2014 06:12 IST India Infoline News Service

Rays power Infra Pvt. Ltd., one of the biggest Solar EPC companies in India, today, announced bagging of the largest single Solar EPC project of Essel Group. Rays Power Infra has been chosen for Complete Design, Engineering, Procurement and Construction of the project. The company is all set to execute these projects in Punjab and UP in record time of three months. The total capacity of these plants in Punjab and UP is 31.5 MW and 55 MW respectively and is expected to generate power by April 2015. Together, they will power more than 30,000 households and is equivalent to planting 1.3 lac trees every year.

The total investment outlay on these projects is 700 crores. The power that will be generated will be sold to respective state governments at INR 8.5 per unit. The projects are in line with PM Narendra Modi's aggressive plans to ramp up India's solar power generating capacity to 1,00,000 MW by 2022 from roughly 3,000 MW currently.

Commenting on this, Mr. Ketan Mehta, Director, Rays Power Infra Pvt. Ltd. Said, "We are proud to be associated with Essel Group in execution of these land mark solar power projects in India. We have ramped up our in-house capabilities to execute up to one Mega watt every day in order to meet the timelines. We will erect 3 lac solar panels on an area of 400 acres in about 100 days.  These are exciting times for the sector and we hope to make India a power surplus country by 2022."

"We have a long standing association with Rays Power Infra, which is one of the leading Solar EPC companies in the country today. We are confident that the team at Rays Power Infra would be able to deliver quality service within the stipulated time-frame. The project is in line with the new government's mission to ramp up solar power capacity five-fold to 100 GW by 2022," said Harshad Joshi, Head Procurement, Essel Infra.

Related Story

Open Free Demat Account (Rs699)