Tata Power Completes 25-Megawatt Solar Farm in India

Tata Power Co. (TPWR), the utility unit of India’s biggest industrial group, has completed a 25-megawatt solar farm in India.

The 2.5 billion-rupee ($42 million) project, funded by a loan from IDFC Ltd., raises the company’s photovoltaic capacity to 56 megawatts, according to an e-mailed statement today.

The farm is located in Palaswadi village, Satara district in western Maharashtra state, about 250 kilometers (155 miles) south of Mumbai.

To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Tony Barrett, Ana Monteiro

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