New Delhi: Rays Power Infra Limited is proud to announce the award of a 300 MW renewable energy (RE) project from one of India’s Maharatna public sector undertakings (PSUs). This project will add INR 1,912 crore to the company’s existing order book, which exceeds INR 8,000 crore. It will be developed under the company’s Co-Development Business Model, with the scope encompassing land acquisition, interstate transmission system (ISTS) connectivity, and complete engineering, procurement, and construction (EPC) execution. The project will be established in one of Rays Power’s upcoming renewable energy parks in Karnataka and is targeted for commissioning within the next three years.
The project will utilize modules manufactured using solar cells sourced from Rays Power’s upcoming cell manufacturing facility under its subsidiary, Rays Green Energy, which is currently under construction in Madhya Pradesh.
Ketan Mehta, Managing Director, Rays Power Infra, said: “This project will set a new industry benchmark for how renewable power developers and central PSUs can collaborate to deliver large-scale renewable projects in a fast and efficient manner. At Rays Power, we are committed to developing future-ready infrastructure to accelerate India’s renewable energy transition in partnership with the nation’s key central PSUs.”
Pawan Sharma, Whole Time Director, Rays Power Infra, added: “This project reflects our ability to combine advanced engineering, end-to-end project development expertise, and execution capabilities. From land development and ISTS connectivity to EPC delivery and deployment of domestic content requirement (DCR)-compliant modules, our team is committed to ensuring that this installation sets a new benchmark in reliability, performance, and timely commissioning.”
