Rays power launches 100 Mw Uttarakhand solar project

Representative Image
Solar power service provider Rays Power Infra Pvt Ltd on Tuesday announced the launch of its 100 MW project in Uttarakhand.

The project is expected to be commissioned by February, 2017. It will be executed by Rays Power Infra on turnkey basis -- from land acquisition to commissioning -- the company said in a press release.

"After commissioning a 55 MW Solar Power PV project in UP, this 100 MW project in Uttarakhand will be our biggest project, adding another remarkable milestone to Rays' list of executed projects," Pawan Sharma, Director-Projects, Rays Power Infra said in the statement.

It also said that instead of forcing farmers to sell their land, Rays Power Infra has devised a model where farmers can also become a part of the project, and as a result, will enable the solar company to acquire 500 acres of land in such a difficult terrain.

"Rays Power Infra is following a co-development model, i.e., we have got the necessary permission from all local authorities, and are also working with foreign investors. Since this is a mega-sized project and will require lot of land, farmers will be getting a recurring rental income for more than 25 years by leasing their lands," he added.

The 100 MW project is spread over a sprawling area in Tehsil - Bhagwanpur in Roorkee district of Uttarakhand. It comes under Uttarakhand Renewable Energy Development Agency's (UREDA) competitive bidding for 2015-16, it added.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel