Rays Power Infra has partnered with Hilliard Energy to jointly develop 150 MW solar power project, entailing an investment of $130 million (about Rs 870 crore). <\/p>\n
“The company’s subsidiary Shining Sun Power has signed a 150-MW project development term sheet with power producer Hilliard Energy, a company incorporated and registered under the laws of Mauritius. Both partners will jointly develop 150 MW of solar power project with a total investment of $ 130 million,” a statement issued here stated. <\/p>\n
In the first phase, a 10-MW solar project is expected to be commissioned in April at Kalwakurthy in Telangana and the power generated will be sold to the state’s discoms at a fixed tariff of Rs 6.55 per unit for 25 years. <\/p>\n
“We are very excited about this new partnership which merges the fund-raising skills of Hilliard Energy with the execution capabilities of our company. We would like to achieve a target of 150 MW in the next 12 months,” Rays Power Director Ketan Mehta said. <\/p>\n
Hilliard Energy Director Brent Hilliard said, “This is an exciting opportunity to invest in high-quality solar projects that are fully contracted for the next 25 years. These projects have a good solar resource, making these them extremely reliable for many years to come.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Rays Power Infra has partnered with Hilliard Energy to jointly develop 150 MW solar power project, entailing an investment of $130 million (about Rs 870 crore). “The company’s subsidiary Shining Sun Power has signed a 150-MW project development term sheet with power producer Hilliard Energy, a company incorporated and registered under the laws of Mauritius. Both partners will jointly develop 150 MW of solar power project with a total investment of $ 130 million,” a statement issued here stated. In the first phase, a 10-MW solar project is expected to be commissioned in April at Kalwakurthy in Telangana and the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-58141","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/58141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=58141"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/58141\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=58141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=58141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=58141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}