Rays Power Infra Bags 80 MW for Clients From Uttarakhand Solar Tender

NEW DELHI, December 31, 2015 /PRNewswire/ --

Rays Power Infra Pvt. Ltd., one of the biggest solar EPC companies in India has today announced bagging of a sizeable percentage of the total capacity of the Uttarakhand Solar Tender. The total capacity of the tender was 170 MW, of which Rays Infra acquired 80 MW on behalf of its clients. This was done under co-development and pre-bid EPC tie-up models for a financial bid opening conducted in Dehradun in October this year.

Moreover, Rays Power Infra, which had submitted a bid for 90 MW was successful in securing a satisfactory range from L1 tariff meaning INR 5.57 per kWh and the H2 tariff at INR 5.98 per kWh. With this the company's order book stands at 215 MW of solar power projects with an additional turnover of over Rs 500 crore. For a company as young as Rays Power Infra, this is a commendable achievement.

Commenting on the development, Ketan Mehta, Director, Rays Power Infra said, "The allocation of 80 MW from a total capacity of 170 MW of the Uttarakhand solar tender to Rays Power Infra demonstrates the excellent market confidence our brand commands. We have steadily consolidated our portfolio and won the confidence of not just our loyal clients, but other stakeholders of the renewable energy sector in India, which includes government interests. India has begun harnessing the potential of solar power as an environmentally viable alternative to scarce fossil fuels, and as a brand we take great pride in being one of the front-runners as EPC service-providers. The bagging of a big chunk of the Uttarakhand solar tender reinforces our position as such."

The letter of intent (LOI) for the bid was issued to Rays Power Infra by Shri. Harish Rawat, Hon'ble Chief Minister of Uttarakhand & Mr. UK Panwar, Principal Secretary-Power, during a gathering organized by UREDA on November 9, 2015, in Dehradun.

About Rays Power Infra Pvt. Ltd. 

Rays Power Infra (P) Ltd. An ISO 9001 & ISO 14001 Certified Company is a pioneer in the development of green technology solutions that are environmental friendly, energy efficient and cost effective. These solutions are capable of delivering a quick return on investment.

RPIPL is one of the fastest growing EPC Companies in India providing Consulting-Engineering-Contracting-Commissioning services with extensive experience in the industry dedicated only to development of renewable power plants and transmission sector. Started as a brainchild of IIT Roorkee professors and students, Rays Power infra is one of the biggest and the first solar power service provider in India (on the basis of number of projects completed).

For more information, visit www.rayspowerinfra.com .

Media Contact:
Ketan Mehta
[email protected]
+91-8890494767
Rays Power Infra Pvt. Ltd.