Rays Power Infra bags EPC projects worth Rs 240 crore

Rays Power Infra, a Solar Engineering, Procurement and Construction (EPC) company, today announced that it has bagged 37 megawatt (MW) solar EPC projects worth Rs 240 crore in Telangana and Karnataka.
The company has won solar capacity projects at an average Power Purchase Agreement (PPA) price of Rs 6.7 per unit, the company said in a statement.
"Out Of the total 37 MW won by Rays Power Infra, 5 MW will be set up in Karnataka for a Gujarat-based organisation at a competitive price of Rs 7.1 per unit. The remaining 32 MW will be implemented in Telangana," it said.

Sanjay Gupta, Director, Rays Power said the renewable energy sector has received the much needed boost by the government and the decision makers. The Ministry of New and Renewable Energy (MNRE) scaled up the Jawharlal Nehru National Solar Mission (JNNSM) targets to 100 GW.
"These are exciting times for the sector and we hope to make India a power surplus country by 2022", he added.
Of 32 MW to be implemented in Telangana, 10 MW was won by the Rays Power Infra as an IPP (Independent Power Producer) and the rest 22 MW will be implemented on behalf of three different organisations that includes a food processing company, a jewellery brand and a reputed production house at an average PPA price of Rs 6.6 per unit, it further said.