Tata Power and Tamil Nadu inks a pact to establish a solar manufacturing facility

Tata Power revealed that it has reached a deal with the Tamil Nadu government to invest Rs. 3000 crore in the construction of a new solar cell and module manufacturing facility in the state’s Tirunelveli district. According to the agreement, both parties will endeavour to promote the switch to renewable energy and the creation of jobs in the state. The investment in the facility must take place over a period of more than 16 months and must result in the creation of jobs, the majority of which will be for women.

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KEY POINTS:

• More than 2,000 direct and indirect job opportunities will be generated by the initiative, most of which will go to women.
• After the one in Bengaluru, this will be Tata Power’s second such production facility.
• Tata Power revealed that it has reached a deal with the Tamil Nadu government to invest Rs. 3000 crore in the construction of a new solar cell and module manufacturing facility in the state’s Tirunelveli district.
• According to a corporate statement, Tata Power, one of India’s leading integrated power firms, has struck an agreement with the Tamil Nadu government to invest roughly Rs 3,000 crore to build a 4GW solar cell and 4GW solar module manufacturing facility in the Tirunelveli region of Tamil Nadu.

Important Takeaways For All Competitive Exams:

• Tata Power CEO & MD: Shri Praveer Sinha

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