RaysExperts, India's leading innovative solar solutions provider and one of the largest solar power EPC & Development companies, announced the commissioning of its 5.5 MW solar project for an Indian PSU. The plant is projected to generate electricity worth over INR 25 Crore which will be sold to third parties via a solar PPA agreement.
This PSU is one of the most prominent hydro power companies in India and produces enough hydroelectric power for a 1,500 megawatts (2,000,000 hp [horsepower]) underground power station from a single dam owned. With RaysExperts, the company is venturing into solar energy with its first ever solar plant, which will be situated in Charanka Solar Park, Gujarat.
Commenting on the project, Rahul Gupta, Founder, RaysExperts said, "We are looking forward to our association as this PSU forays into solar power with our 5.5 MW solar project. As a sustainable source of power, the plant will help the client reduce the carbon footprint in already polluted industrial regions of Gujarat by eliminating over 6700 metric tonnes Co2 every year."
The 5.5 MW solar plant will give them several tax benefits, and will also add up to its revenue with the sale of electricity via PPA agreements. Apart from this project, RaysExperts has also commissioned a 5.5 MW solar installation for Delhi Metro Rail Corporation. It also has major projects under NHPC, NDMC, SECI, and CPWD in the lineup.
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