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.
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