By Malvika Gurung
Investing.com -- In a bid to trigger a transition to clean energy and spearhead the usage of clean and green energy solutions for meeting the country’s energy requirements, India’s largest power generation company Tata Power (NS: TTPW ) has signed an agreement with the Tamil Nadu (NS: TNNP ) government to invest Rs 3,000 crore for setting up a new facility in the state to manufacture solar cells and modules in Tirunelveli district.
According to Tata Power’s statement on Monday, it has signed an MoU with the Tamil Nadu government to invest Rs 3,000 crore over a period of 16 months for setting up a greenfield 4GW solar cell and 4GW solar module manufacturing plant in the state’s Tirunelveli district.
The project will create over 2,000 direct and indirect employment opportunities, with the majority for women.
“Tata Power Solar’s new production facility, being set up with the support and assistance of the Tamil Nadu government, will help to meet the rising demand for clean energy solutions in the country, apart from providing huge employment opportunities,” stated the company’s CEO & MD Praveer Sinha.
This will be Tata Power’s second such manufacturing unit after the one in Bengaluru.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.