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Rays Power to complete solar plants in FY15

Saturday, 19 Apr 2014
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Rays Power Experts is planning to commission two solar plants during FY15; one in Rajasthan and the other in Andhra Pradesh.

The company intends to complete its five MW Naguar plant in Rajasthan by the end of FY15. Its 25 MW power plant at Medak, in Andhra Pradesh, is likely to be ready by September 2014.

Besides, Rays Power Experts has proposed a solar park at Neemuch in Madhya Pradesh. The company is yet to acquire land for the park.

Recently, the company commissioned 14 projects and its total generation capacity is 85 MW, with 56 projects. It has also signed a 25 MW project for an Independent Power Producer in March 2014, which will be commissioned by June 2014.

For the Viability Gap Funding-based model, the company has set up solar parks across the country to take care of solar projects of 750 MW capacity. In these parks, dedicated infrastructure and transmission lines will be provided to the investors to help them combat land-related and local issues as well as conversion-related problems, ensuring fast bank finance and speedy execution.

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