Rays Power Infra signs MoU to build 500 MW solar park in Uttarakhand

Rays Power Infra on Monday inked an initial pact with the Uttarakhand government to build a 500 MW solar park in the state, the company said. 

"This strategic partnership epitomizes our commitment to advancing solar energy solutions in India. We anticipate that the 500 MW solar park will not only fulfill a significant portion of the state's power demands but will also act as a catalyst for economic growth and environmental preservation," Rays Power Infra's Managing Director, Ketan Mehta, said.

The enterprise has commissioned a portfolio of 1.30 GW, and initiated the development and execution of solar parks and plants, aggregating to 2 GW, with expected commissioning in the next 24 months, as per an official release. 

The firm is also engaged in developing huge solar-parks in Rajasthan, meant for setting up utility scale and C&I projects.