Published On:June 20 2008
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TF Solar Power plans to set up PV unit
New Delhi: TF Solar Power, which is planning to set up a solar PV unit in the country, has approached the Government for incentives under the policy on semiconductor fabs and other micro and nano technology manufacturing industries.
The latest application takes the tally of proposals received under the Special Incentive Package Scheme (SIPS) the norms for which were announced in September last year to 11, and the combined proposed investments to almost Rs 80,000 crore.
According to sources, the total investment proposed by TF Solar Power for the Thin Film based PV modules is estimated at about Rs 2,350 crore.
So far, the Government has received SIPS applications from Videocon Industries, Moser Baer PV Technologies (total capacity 1.3 GW), Titan Energy System (500 MW of cell modules and wafers, and 250 MW for polysilicon), KSK Energy Ventures Pvt Ltd (50 MW proposed to be increased to 700 MW over 10 years), and Signet Solar Inc (1 GW per year output).
The largest investment plan under SIPS has come from Mukesh Ambani-promoted Reliance Industries Ltd which recently submitted two proposals worth over Rs 30,000 crore for establishing a semiconductor wafer fab along with an Assembly Test Mark and Pack (ATMP) unit, and a solar PV module unit (with PV capacity of 1GW), in the country.
Other proposals include Phoenix Solar India’s plans for setting-up about Rs 1,200-crore solar PV cell and module project; Tata BP Solar plans to invest close to Rs 1,700 crore; and Solar Semiconductors proposed investment of Rs 11,000 crore. All the proposals are currently being examined by the Government.
The proposals under SIPS cover manufacture of a wide variety of items like polysilicon, single/multi-crystalline ingots, wafers, solar cells, solar photovoltaic modules (SPV) liquid crystal display (LCD), integrated circuits-advanced logic, memory, embedded system on chip including assembly, test, mark and packaging facility for semiconductor devices.
Under SIPS, the Centre would provide incentive of 20 per cent capital expenditure during the first 10 years for the units in SEZs and 25 per cent of the capital expenditure in non-SEZ units. Any unit can claim incentives in the form of capital subsidy or equity participation.