Rays Power wins 10 MW solar project in Karnataka

Rays Power Experts has announced that it won a 10 MW project of Karnataka Renewable Energy Development (KREDL) under states solar scheme.

The company will set up the project using Poly Crystalline Technology at Chikkabalapura district of Karnatak at a tariff of Rs 5 per unit under PPA.

Rays Power Experts will execute the power purchase agreement (PPA) with Hubli Electricity Supply Company (HESCOM).

Early this year the company bagged a contract from Solar Energy Corporation of India (SECI) for setting up 10 MW of rooftop solar systems under 50 MW Rooftop Grid Connected scheme of CPWD in the states of India. It is a 25 year long tariff agreement on RESCO (Renewable energy service company) model.