Rays Power Infra, a Rajasthan-headquartered engineering, procurement, and construction company, has signed a Memorandum of Understanding (MoU) with the Rajasthan government to build a solar park for generating 500 MW of green electricity in the State. The agreement was finalized during the ongoing Dubai Expo.
Rays Power Infra has 1 GW of the commissioned solar portfolio. Apart from the proposed 500 MW in Rajasthan, the company is constructing 500 MW of solar energy capacity in other States which is likely to come online in the next nine months. This will meet up to 50% of the power requirement for corporate customers and 50% for utility projects.
Speaking on the latest development, Pawan Sharma, Director- Rays Power Infra said, “Rays Power Infra was constituted to promote cleaner, greener, and better environmental conditions. On the back of extensive research and development, testing and commissioning, we have established best-in-class solar projects at par with global standards in India and abroad. We are thrilled that the Rajasthan government decided to support our vision and signed an agreement to build a 500 MW Solar Park in the state. This MoU is an instrumental step towards eco-friendly tomorrow, and we are pleased to be a part of this initiative.”
The company also has global roots in Vietnam and Bangladesh, where it has recently installed large-scale solar projects.
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