ALSO READIndia, World Bank sign agreement for Uttarakhand Health Systems Development Project India Signs Financing Agreement with World Bank for Us$ 100 Million for Uttarakhand Health Systems Development Project Germany extends assistance to energy efficiency programme Fitch Assigns Indian Renewable Energy Development Agency's upcoming MTN Programme 'BBB-(EXP)' Energy Development Company to hold board meeting
Solar solutions provider Rays Power Infra today said it has commissioned 78 MW of solar PV project in Uttarakhand. The 78 MW project comes under Uttarakhand Renewable Energy Development Agency's (UREDA) competitive bidding for 2015-16 and will supply energy to the industrial areas of Bhagwanpur and Roorkee, the company said in a statement. "Currently, we have a 40 per cent market share out of total number of solar projects in Uttarakhand, which we will increase to above 80 per cent by end of current fiscal," Rays Power Infra Chief Executive Ketan Mehta said. Company's Chief Operating Officer Kunwar Rajeev Singh said, "we have created a land bank of over 2000 acres, where we can implement more than 500 MW and single handedly accomplished 100 per cent renewable purchase obligation of the state for the next five years.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)