SENSEX NIFTY
Mar 22, 2011, 04.42 PM IST | Source: PTI

Tata Power to build India's first floating solar plant

Tata Power today said it will be building the country's first low-cost, high-efficiency floating solar plant in partnership with an Australian company which invented the technology.

Tata Power to build India's first floating solar plant

Tata Power today said it will be building the country's first low-cost, high-efficiency floating solar plant in partnership with an Australian company which invented the technology.

Sunengy, the Australian company, and Tata Power will begin constructing a pilot plant that uses the Liquid Solar Array (LSA) technology from August this year, a press release issued here said.

LSA uses traditional concentrated photovoltaic technology but rather than mounting the cells on a frame, it is made to float on water, making it low-cost, cyclone-proof and less tedious as it does not involve any land acquisition, it added.

"It effectively turns a dam into a very large battery, offering free solar storage and opportunity for improved water resource management," the inventor of the technology and Sunengy''s Executive Director and Chief Technology Officer, Phil Connor, said.

Tata Power's Executive Director, Banmali Agrawala, confirmed the tie-up for the "nascent technology" and said this is a part of the company''s effort to invest in clean and eco-friendly technologies.

Tata Power stock price

On November 24, 2014, Tata Power Company closed at Rs 91.75, up Rs 3.65, or 4.14 percent. The 52-week high of the share was Rs 115.25 and the 52-week low was Rs 68.95.


The company's trailing 12-month (TTM) EPS was at Rs 3.32 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 27.64. The latest book value of the company is Rs 52.69 per share. At current value, the price-to-book value of the company is 1.74.

Set email alert for

ADS BY GOOGLE

video of the day

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.