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  • Rays Power Experts signs 5 new projects totaling 15 MW of solar power capacity

    Submitted by ITV Production on Dec 09

    MUMBAI: Rays Power Experts Pvt. Ltd., a global solar power plant development company in India has recently signed 5 new projects totaling 15 MW of solar power capacity for commissioning before 31st March 2013. The projects acquired are from leading businessmen across different segments of the industry, mainly from the Delhi/NCR region. The total probable investment to complete this project shall be around 27mn$.

    Targeting to complete 150 MW of solar power capacity by the end of this financial year, Rays Power Experts aims to become the leading player of the solar power industry. Acquiring prestigious projects is a definite step towards achieving the leadership position in this sector.

    The 5.5 MW solar power plant inaugurated in Rays Solar Park belonged to Lohia group, Moradabad, a prestigious business brand in India. The group praised the efforts by Rays Experts and showed commitment to proceed with new plants. These projects were completed in a record time of 2 months. The total project was commissioned before 30th Sept 2013.

     

    Talking about the future goals of the company, Mr. Rahul Gupta, Director, Rays Power Experts said, ?We are in the midst of attaining more such projects across different verticals of the industry. A rapidly growing solar industry requires equally swift development and execution of projects which is attained by a dedicated team of world class technologically driven engineers & designers.?

    ?An EPC installation has huge demand and so Rays Experts is targeting for 250 MW of installed solar power plants producing electricity for more than 5 million households per year,? Mr. Gupta added.

    The company has successfully accomplished all its committed projects of 29 MW for 11 projects in 2.5 months at the end of September 2013. Over Rs. 750 crores have already been invested to get to this great number of 100 MW achieved so far.

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