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Rays Power commissions 14 solar power projects in FY’14

According to reports, Rays Power Experts, a solar power development and EPC company commissioned 14 projects last fiscal.

The company’s solar power capacity is now 85 MW with 56 projects.

“We always strive to develop more and more projects in the most efficient manner,” Rahul Gupta, Director, Rays Power Experts said in a statement today.

Rays Power is now starting two new parks in Rajasthan for 100 MW of capacity.

It has also signed a 25 MW project for an Independent Power Producer in March 2014 which will be commissioned by June 30, the company said.

For the VGF (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, the company said, adding that it will 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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