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.