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Rays Power Experts signs PPA with New Delhi Municipal Corporation

Rays Power Experts has successfully signed tariff based bidding for the development of Rooftop Solar Power Projects of 4 MW in the New Delhi Municipality Area and the procurement of electricity by NDMC in the state of Delhi. It is a 25 year long tariff PPA. With this project, Rays Experts looks to install solar power panels across 50,000 square meters of roofs in Delhi, falling under NDMC.

Rays Power Experts will be doing financing, designing, Installation and Commissioning of the project by July 2015.

Speaking on the project, Mr. Rahul Gupta, Director, Rays Power Experts commented, “We are immensely excited about this Rooftop Solar Power project. The NCR Capital is a strategic market for us and we are geared to make use of innovative technology and skilled field manpower to execute the project on time and deliver the best to our customers. Rays Experts is committed to aggressively expand its Rooftop Solar Power business in India”.

We are insistently expanding our business portfolio and venturing into new verticals like Independent Solar Power Parks, Solar Roof-top models and other such offerings.”, he added.

Rays Experts is a global solar power development and EPC Company with the highest number of solar EPC projects in India. The organization is completely debt free where all capital is raised from company’s internal accruals and it is fully equity based.

The solar industry slowly and steadily is having a strong foothold not only in urban areas but in small cities and towns. People now know the importance of the industry for generating cheap electricity through sunlight which can be used for starting a fan, a bulb or even charging a mobile phone.