PLG Power, the energy and power arm of PLG Group, has inaugurated its solar power project (100 per cent export oriented unit) to manufacture 50 MW of solar photovoltaic modules recently, at Nasik, Maharashtra under the technical and turnkey collaboration Boston based Spire Corporation.

The company has invested about Rs.500 crore in the solar power sector of which the new plant is a first step. PLG Power has bought the entire turnkey machinery, equipment and technology from Spire Corporation to manufacture 25 MW of highly efficient solar modules.

The company has already signed MoUs and five year long term agreements with its suppliers and buyers worldwide. It has secured substantial export orders to back up its expansion plan which is proposed to raise upto 100 MW by June 2009 at an expenditure of Rs 450 crore.

Also See:

PLG Power invests in solar power projects at Sinnar (27-Nov-08)

Related Links:
Project profile