Business Daily from THE HINDU group of publications
Tuesday, Feb 12, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Feb 12, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Corporate
-
New Projects Info-Tech - Hardware Moser Baer to invest $1.5 b in thin film unit Our Bureau New Delhi, Feb. 11 Optical storage disc maker Moser Baer India Ltd has announced an investment of $1.5 billion to set up a thin film photovoltaic capacity plant. PV Technologies India Ltd, the wholly owned subsidiary of Moser Baer India, signed an agreement with a global equipment supplier to source critical equipment for a 565-MW phased expansion. This would take the company’s current capacity to 600 MW from 40 MW by 2010. “We see an increasingly significant role for thin film technologies in meeting peaking power requirement and now aim to be a significant player in this arena,” said Mr Ravi Khanna, CEO, PV. The company had earlier acquired stake in the Slovenian company Solarvalue Proizvodnja to get access to polysilicon, the raw material used in manufacturing silicon wafers. The thin film solar modules widely used for energy farms, rural applications and building photovoltaic markets would witness demand in multiple applications, with the industry expected to grow ten folds, the company said. As per industry estimates, the market will expand from the current 250 MW to 2 GW to a size of $5 billion by 2010. More Stories on : New Projects | Hardware
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|