Rays Power Experts, a leading innovative solar solutions company and an emerging solar power EPC and development entity, will be constructing a 20-MW solar plant at Morbe Dam, near Khalapur, in Maharashtra.
The Rs. 162-crore order for the world’s largest and India’s first-ever solar project on a dam has been awarded by Navi Mumbai Municipal Corporation. The project is scheduled to be completed by March 31, 2015.
The scope of work includes complete designing, technical and engineering groundwork, installation process and commissioning of the project. A 1.5-MW hydropower plant is also to be developed, a first of its nature in India.
“This marks a momentous win for us, making us the only company in India to build a solar power plant over a dam which is also the world’s largest. We are geared to make use of innovative technology and skilled field manpower to execute the project on time,” Rahul Gupta, Director, Rays Power Experts, said.
Rays Experts is a global solar power development and EPC company. The organisation is completely debt free where all capital is raised from company’s internal accruals and is fully equity based.
Earlier, in October this year, Rays Power Experts completed a 20-MW turnkey solar EPC project in a solar park at Bikaner, Rajasthan. The project was developed with internal accruals of `125 crore and completed within a span of 60 days. The key features of this project included the use of Canadian solar module, Hitachi Inverter, and first-of-its-kind use of ‘Suryodya’ for data acquisition system, which is exclusively developed by Rays Experts.
Rays Power Experts has 650 MW capacity solar plants in its portfolio. Founded in 2010, Rays has already executed renewable energy solar photovoltaic projects of 110 MW capacity. It has the highest number of installations in the country with strong footprints in Delhi, Rajasthan and Karnataka. The company provides hassle-free services by offering 360-degree solutions and services for solar energy investments. This covers everything from land and site identification, supply of solar panels and accessories, development of site infrastructure, installation and commissioning, power evacuation to operation and maintenance over the entire life of the project. It also includes obtaining necessary approvals and expediting finance from banks.