Rays Power Infra TANGEDCO Solar PV Park is a 100MW solar PV power project. It is planned in Tamil Nadu, India. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 100 – 100 Permitting Tamil Nadu, India Rays Power Infra

Description

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The project is being developed and currently owned by Rays Power Infra.

Rays Power Infra TANGEDCO Solar PV Park is a ground-mounted solar project.

The project cost is expected to be around $69.8m.

Development Status

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The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.

Power Purchase Agreement

The power generated from the project will be sold to Tamil Nadu Generation and Distribution under a power purchase agreement. The power will be sold at the rate of $0.053kWh for a period of 25 years. The capacity to be procured is 100MW.

About Rays Power Infra

Rays Power Infra Pvt Ltd (RPIPL) is an alternative energy company that produces and generates solar energy. The company offers consulting, contracting, engineering, and commissioning services for the development of solar power plants. In addition, it also provides advisory services in the areas of investment strategy, market strategy for new entrants into the solar sector, and project development techniques. The company offers energy storage and e-mobility solutions. RPIPL undertakes projects such as 5.5 MW Project, Koppal, 5.75 MW Project, Haridwar, 5.75 MW Project, Mahbubnagar, 5.75 MW Project, Medak, and others. It provides business models with returns to investors, HNIs, entrepreneurs and large corporate houses with tax saving benefits and tax holidays. The company has operations in Delhi, Gurugram and Hyderabad, India. RPIPL is headquartered in Jaipur, Rajasthan, India.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.