Rays Power Infra to perform EPC for 80MW from Uttarakhand solar tender

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Rays Power also won 25MW of capacity as developer. Flickr: Abhijit Kar Gupta

India-based EPC company and solar developer Rays Power Infra will perform EPC services for 80MW from the solar tender of Indian state Uttarakhand.

The firm bagged the deals under co-development and pre-bid EPC tie-up models in preparation for the financial bidding that took place in Dehradun in October last year.

Ketan Mehta, director of Rays Power Infra, said: “The allocation of 80MW from a total capacity of 170 MW of the Uttarakhand solar tender to Rays Power Infra demonstrates the excellent market confidence our brand commands. We have steadily consolidated our portfolio and won the confidence of not just our loyal clients, but other stakeholders of the renewable energy sector in India, which includes government interests.”

The Uttarakhand tender was for the development of 170MW of PV overall. Out of this Rays Power was also awarded 25MW of capacity acting as a developer.

Rays Power won projects with the lowest bid of INR5.57/kWH (US$0.085) as well as the highest winning bid of INR5.98/kWh.

India-based project developer ACME Solar Holdings won the highest capacity of projects in the auction with four projects totalling 50MW combined.

Read Next

PV Tech Premium
April 8, 2021
After a challenging year, India’s solar sector stands primed for something of a rebound. But a host of familiar issues, from the perilous state of DISCOMs to regulatory uncertainty, run the risk of stymying future growth. Vinay Rustagi, managing director at consultancy Bridge to India, talks to PV Tech about the future prospects for Indian solar.
April 8, 2021
Tata Power Solar has expanded its PV manufacturing facility in Bengaluru, India, taking the total production capacity of modules and cells to 1.1GW.
April 1, 2021
Norwegian independent power producer Scatec is looking to collaborate with project developers in India as part of efforts to gain a foothold in the country’s burgeoning solar sector.
PV Tech Premium
March 26, 2021
Solar developers have welcomed clarification on India’s new import duties for modules and cells that will come into effect next year, but questions have been raised about the ability of domestic manufacturers to ramp up production to meet rising demand.
March 23, 2021
Scatec has unveiled a NOK 100 billion (US$11.7 billion) plan that will see the company expand its renewables portfolio to 15GW over the next four years.
March 19, 2021
Indian PV developer Adani Green Energy has raised a US$1.35 billion debt package to initially support the construction of a 1.69GW hybrid portfolio of solar and wind projects in the state of Rajasthan.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET