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Monday, Nov 10, 2008
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Business Daily from THE HINDU group of publications Monday, Nov 10, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Non-conventional Energy Industry & Economy - Power More companies join photovoltaic bandwagon Emco Energy and Optisolar Inchave evinced interest in setting up facilities with investment adding up to nearly Rs 14,000 crore. 
Moumita Bakshi Chatterjee New Delhi, Nov. 9 Tough economic conditions notwithstanding, the photovoltaic (PV) juggernaut continues to roll. Two more companies — Emco Energy and Optisolar Inc — have evinced interest in setting up facilities to produce thin film modules and panels in the country, with investment adding-up to nearly Rs 14,000 crore. While these companies have written to the Government outlining their PV plans, and are expected to shortly submit an application, the latest move takes the overall investment interest by various companies to Rs 1,50,000 crore, sources said. “Emco Energy has expressed interest in setting up a thin film module with a proposed investment of Rs 9,000 crore. Another company, US-based Optisolar Inc, has said it plans to manufacture amorphous silicon thin film panels at proposed investment of Rs 5,400 crore. Both the companies are scouting for a suitable location,” sources pointed out. The two companies could not be reached for comments. Other proposalsThe Government has already received proposals from corporate giants such as Reliance Industries and Videocon Industries for incentives under Special Incentive Package Scheme (notified last year to encourage investments for semiconductor fabs and eco-system units). While Videocon Industries plans to set up LCD fab (Rs 8,000 crore), Reliance Industries is planning a semiconductor wafer fab (Rs 18,521 crore). Proposals pertaining to solar PV include Moser Baer PV Technologies (Rs 6,000 crore), Titan Energy Systems (Rs 5,880 crore), KSK Energy Ventures (Rs 3,211 crore), Signet Solar (Rs 9,672 crore), Reliance Industries (Rs 11,631 crore), Phoenix Solar India (Rs 1,200 crore), Tata BP Solar India (Rs 1,693 crore), Solar Semiconductor (Rs 11,821 crore), and TF SolarPower (Rs 2,348 crore). Besides this, the Centre has recently received applications from EPV Solar, Vavasi Telegence and Lanco Solar for setting up PV projects. Under SIPS, the Centre would provide incentive of 20 per cent capital expenditure during the first 10 years for the units in SEZs and 25 per cent of the capital expenditure in non-SEZ units. Any unit can claim incentives in the form of capital subsidy or equity participation. RIL to set up semiconductor fab, solar photovoltaic units Tata BP, Solar Semiconductor seek to set up photovoltaic module projects Huge investments coming up in photovoltaic wafers More Stories on : Non-conventional Energy | Power
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