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Update at 1515 hrs (IST)


Corporate
Tata BP Solar's manufacturing capacity crosses 100 MW mark

NEW DELHI: Tata BP Solar, a joint venture between Tata Power and BP Solar, which aims to manufacture products to support 300 MW solar electricity by 2012, has produced equipment to generate over 100 MW of power.

“Tata BP Solar has manufactured solar cells and modules to support 105 MW energy so far,” a source said without divulging further details. Tata BP Solar exports nearly 70 per cent of its products to the European and the US markets. It has three units in Bangalore.

The company invested nearly $100 million (about Rs 500 crore) in 2008-09 for manufacturing solar cells and panels. Tata BP Solar provides services to defence forces, North Eastern states, Bihar, Jharkhand, Chhattisgarh, educational institutions such as IIT Kanpur, IIT Delhi, IIM Bangalore and has also electrified 20 villages in Orissa.

The company's clientele includes corporates such as ONGC, Indian Oil Corporation and Hindustan Petroleum Corporation. - PTI

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