Topaz Solar Power to set up 500 Mw unit in Odisha for Rs 220 cr

Kolkata-based Topaz Solar Power proposes to set up a solar module manufacturing plant in Odisha with an annual capacity to produce 500 megawatts (Mw) of solar panels.

This will be the first solar panel manufacturing facility in the state, which of late has identified renewable energy as a priority area.

The project, which will come up on 5 acres of land in the vicinity of Bhubaneswar, is estimated to cost Rs 220 crore. Of this, Rs 80 crore will be in the form of equity with the rest Rs 140 crore being debt. Out of the total project cost, Rs 170 crore