TN global investors meet: Tata Power to invest Rs 70K cr in green units
Tata Power Company is all set to invest a whopping Rs 70,000 crore for 10 giga watt (Gw) solar and wind units in Tamil Nadu over a period of five-seven years.
If the investment fructifies, it may well be the largest single investment by Tata Power in any state.
A formal announcement of the 10 Gw generation is likely to happen on Monday, when a memorandum of understanding (MoU) will be signed between the state government and Tata Power.
This is in addition to a new greenfield 4.3 Gw solar cell and module manufacturing facility that the company is coming up with at Tirunelveli.
