Indian Economy News

Rays Experts commissions 600 MW solar projects in Rajasthan

  • IBEF
  • October 6, 2020

On Monday, Rays Experts reported that it had successfully commissioned six solar parks in Rajasthan with a combined 600-megawatt (MW) power capacity.

In the six parks spread over 2,500 acres of land, mainly in the districts of Bikaner and Jodhpur, Rs 3,000 crores (US$ 409.86 million) have been invested by Rays Experts and provide renewable energy to more than 4 lakh homes, a company statement said.

The deployed solar parks have helped thousands of families by helping to build business and job opportunities, according to the declaration.

So far, the ventures have collectively supported over 2,000 people with jobs. Every month, they also hire approximately 600 people for the maintenance of the park and additional capacity expansion.

This is above and above other state advantages, including improved market efficiency, decreased carbon emissions, lower power tariffs, and increased collection of GSTs.

Rays Experts has served more than 275 clients in different industries with its solar parks, ranging from traditional namkeen (snacks), wool, media, hotels, hospitals, and marble industries, among others.

Rays Experts MD & CEO Mr Rahul Gupta, said in the statement, "Rajasthan has over 15 GW solar plants in the planning stage for the next 3 years and we are proud to be a part of its solar journey".

In addition, Rays Experts plans to invest Rs 50 crores (US$ 6.83 million) in Rajasthan over the next two years.

A new order book of 250 MW in the state has the Solar EPC (Engineering Procurement Construction) and park developer.

In other states as well, it is developing about four solar parks, three of which have been approved and are in advanced stages of construction.

By the end of 2021, it said, the organisation aims to hit the 1,000 MW installation mark.

Rays Experts is India's leading provider of creative solar technologies and one of the largest EPC and construction firms for solar power.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.