Moser Baer has been chosen as one of the companies to set up a 5MW capacity solar photovoltaic power generation unit in Sivagana, the Business Standard reported earlier today.
Originally three companies had put in bids to set up these solar photovoltaic power generation projects since the Tamil Nadu Energy Development Agency (Teda) set up a tender under the Ministry of New and Renewable Energy (MNRE) programme.
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The Tamil Nadu government has now confirmed Moser Baer as one of two solar giants who will set up these units in the state; the other’s identity is yet to be disclosed.
MNRE recently announced a generation-based incentive of Rs 12KWH for solar photovoltaic projects and Rs 10KWH for solar thermal power generation projects with an aim of promoting solar energy in the country.
Commissioning for the units is expected by the end of this year.