Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Suntech, Canadian Solar to Supply Tata Power’s India Plant

Don't Miss Out —
Follow us on:

Dec. 13 (Bloomberg) -- Tata Power Co., one of India’s biggest non-state generators, will order equipment for a 3.65 billion-rupee ($68 million) solar project from panel suppliers including Suntech Power Holdings Co.

Suntech, the world’s biggest panel maker, Canadian Solar Inc. and Tata BP Solar Ltd. will supply the 25-megawatt plant in western Gujarat state with crystalline silicon-based modules, the Mumbai-based utility said in an e-mail today.

The project in Mithapur has received financing from local banks led by State Bank of India and Export-Import Bank of India. The banks will fund 70 percent of the project with rupee term loans, Tata Power said.

The company declined when asked to provide further details on the loans and interest rate.

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

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.