Rays Power Experts announced yesterday that it had bagged a contract from the New Delhi Municipal Corporation (NDMC).
As per the contract, the company will set up a four MW solar rooftop capacity in the municipal area. It has also agreed to sign a 25 year power purchase agreement with the civic body to supply electricity to it.
Rays Power Experts will install solar power panels across 50,000 sq mtr of roofs in Delhi, falling under the municipal limits. It will undertake financing, designing, installation and commissioning of four MW capacity by July 2015.
Presently, the company has a portfolio of 137 MW capacity solar plants, out of which around 92 MW have been successfully commissioned, while 45 MW projects are under execution.