Rays Power Infra today said it has bagged Rs. 700 crore worth contract from Essel Group to set up a total of 86.5MW of solar power plants in Punjab and Uttar Pradesh. The EPC company has been awarded the contract to set up 31.5MW solar plant in Punjab and 55MW in Uttar Pradesh, on turnkey basis.
"We have ramped up our in-house capabilities to execute up to one MW every day in order to meet the timelines. We will erect three lakh solar panels on an area of 400 acres in about 100 days. These are exciting times for the sector and we hope to make India a power surplus country by 2022," company's Director Ketan Mehta said.
"We are confident that the team at Rays Power would be able to deliver quality service within the stipulated timeframe. The project is in line with the new government's mission to ramp up solar power capacity five-fold to 100GW by 2022," Harshad Joshi, Head - Procurement, Essel Infra said.