Rays Power Experts, global solar power plant development company will set up five new solar power plants in India.
The company has signed an agreement for setting up five new projects totalling 15 MW of solar power capacity, before March 2014, with an estimated investment of $27 million (approx Rs 165.24 crore).
The projects will mainly come up in the Delhi and National Capital Region (NCR).
The proposed projects are part of the company's target to achieve 150 MW of solar power capacity by the end of FY14.