Rays Power signs pact with Tangedco to sell solar power at Rs 3.47 per unit

Rays Power Infra, a solar energy company started by professors and students of the Indian Institute of Technology (IIT) Roorkee, has signed a power-purchase agreement (PPA) with Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) to sell 100 Mw of solar power at Rs 3.47 per unit.