Moser Baer to set up Rs 100 cr solar power proj

New Delhi, Nov 30: Optical media storage device maker Moser Baer India Ltd today said its wholly-owned subsidiary, Moser Baer Photo Voltaic (MBPV), has signed a memorandum of understanding (MoU) with Rajasthan government for setting up of a large Solar Power Project in the State at an investment of Rs 100 crore.

With an estimated generation capacity of 1-5 MW, the project will be the largest grid-connected solar farm in India, said a statement.

''MBPV aims to redefine the paradigms of solar power generation through its world class manufacturing and multi technology capabilities and demonstrate a commercially viable, grid-connected PV energy system in India through this project,'' said MBPV CEO Ravi Khanna.

Moser Baer said it is also evaluating various options for setting up large sized solar farms across the SAARC region with strategic tie ups with some of the leading global Solar PV Companies and clean energy funds.

UNI