The company is also involved in power, steel, oil-gas, infrastructure and cement sectors.
Voltech Group, an Indian provider of services to the power industry, plans to set up a solar plant in the southern state of Tamil Nadu to supply companies facing mandatory clean-energy targets.
The Chennai-based company will set up a 2-megawatt farm by March using panels from NanoPV Technologies Inc., the company said in a statement. It plans to expand capacity to 10 megawatts, according to the statement, which didn’t give a timeframe.
Demand for solar power is set to surge in Tamil Nadu after the state announced a policy last month requiring large consumers of electricity, including exporters, manufacturers and operators of telecommunications towers, to source at least 6 per cent of their electricity from solar by 2014. India has a national goal of building 20,000 megawatts of sun-powered capacity by 2022.
Earlier this month, the company had unveiled its latest venture Solacon Energy Park in an attempt to expand its solar energy business. The company has also amalgamated with Arab Gulf Pearl Trading Co, UAE and NanoPV, USA for the same. The park would be established over 100 acre land at Kadaladi near Madurai, Tamil Nadu.