
Tata Power has signed an MoU with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to manufacture solar cells and modules in Tirunelveli district of the state.
The investment in the plant will be made over a period of 16 months and will directly or indirectly create over 2,000 employment opportunities with the majority of them for women. The MoU outlines the commitment of both the parties to restore clean energy transition and employment generation in the state.
The company said that the company will invest approximately Rs 3,000 crore for setting up a greenfield 4GW solar cell and 4GW solar module manufacturing plant in Tirunelveli district of Tamil Nadu.
Tata Power CEO & MD Praveer Sinha said, “Tata Power Solar’s new production facility, being set up with the support and assistance of Tamil Nadu government, will help to meet the rising demand for clean energy solutions in the country, apart from providing huge employment opportunities.”
Tata Power Solar’s Tamil Nadu facility will be the second manufacturing unit of the company after Bengaluru. The company operates a world-class manufacturing unit in Bengaluru, with a production capacity of 635 MW of modules and 500 MW of cells.
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