Tata Power announced it has signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government to invest approx. INR 3,000 crores for setting up a greenfield 4GW Solar Cell and 4GW Solar Module manufacturing plant in Tirunelveli District of Tamil Nadu.
The MoU outlines the commitment made by both parties to stimulate clean energy transition and employment in the state. The investment in the plant will be made over a period of 16 months and will directly or indirectly create over 2,000 employment opportunities with majority of them being women employees, the statement said.
The MoU was signed by Thiru S. Krishnan IAS, Additional Chief Secretary to Government of Tamil Nadu, Industries Department, and Dr. Praveer Sinha, CEO & MD, Tata Power in the presence of Honourable Chief Minister of Tamil Nadu, Thiru M. K. Stalin and other senior officials of the state during the Tamil Nadu Investors’ First Port of Call, Investment Conclave 2022, according to the statement.
Speaking at the MoU signing ceremony, Dr Praveer Sinha, CEO & MD, Tata Power, said “India has opportunity to spearhead the usage of clean and green energy solutions to meet its energy requirements. Tata Power Solar’s new production facility is being set up with the support and assistance of Tamil Nadu Government, will help to meet the rising demand for clean energy solutions in the country apart from providing huge employment opportunities.”
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