
Rays Power Infra bags 80 MW for clients from Uttarakhand solar tender
Rays Power Infra Pvt Ltd, one of the biggest solar EPC companies in India has announced bagging of a sizeable percentage of the total capacity of the Uttarakhand Solar Tender. The total capacity of the tender was 170 MW, of which Rays Infra acquired 80 MW on behalf of its clients. This was done under co-development and pre-bid EPC tie-up models for a financial bid opening conducted in Dehradun.
Moreover, Rays Power Infra, which had submitted a bid for 90 MW was successful in securing a satisfactory range from L1 tariff meaning Rs. 5.57 per kWh and the H2 tariff at Rs. 5.98 per kWh. With this the company's order book stands at 215 MW of solar power projects with an additional turnover of over Rs 500 crore.
The letter of intent (LOI) for the bid was issued to Rays Power Infra by Harish Rawat, Chief Minister of Uttarakhand & UK Panwar, Principal Secretary-Power, during a gathering organised by UREDA.
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