Moser Baer Photo Voltaic to set up solar power project in Rajasthan
30 Nov, 2007, 1134 hrs IST,
INDIATIMES NEWS NETWORK
MUMBAI:
Moser Baer Photo Voltaic, a subsidiary of Moser Baer India, has signed an
agreement with the government of Rajasthan for setting up of a large solar power
project in the state, with an estimated generation capacity of 1-5
MW.
The project will be the largest grid-connected solar farm in India and entail an investment of around $25 million at $4.5 million per MW. Moser Baer is also evaluating various options for setting up large sized solar farms across the SAARC region with strategic tie-ups with some of the leading global solar PV companies and clean energy funds. Moser Baer Photo Voltaic plans to implement a capacity of 500 MW by 2009-10 through a mix of technologies in the crystalline silicon, concentrator and thin film domain. The company's photovoltaic equipment manufacturing capacities for crystalline silicon, concentrator and thin film technologies are coming up in an SEZ in Greater Noida. At 11:27 am, Moser Baer India shares were up 4.01 per cent at Rs 270 on BSE. |