Tata BP Solar India Limited Renamed As Tata Power Solar Systems Limited - A New Beginning For India's Pioneering Solar Company
Tata BP Solar India Limited today formally announced name change to Tata Power Solar Systems Limited (Tata Power Solar). As part of a previously announced restructuring, Tata Power Solar is now awholly owned subsidiary of Tata Power - the largest integrated power company in India.
- (1888PressRelease) September 04, 2012 - Announces Mr. Ajay Goel as the Chief Executive Officer.
In addition, Tata Power Solar also announced a new Chief Executive Officer (CEO), Mr. Ajay Goel - an alumnus of IIT-Delhi with an MBA from the University of Chicago. He bringsover 20 years of broad industry experience to the team, with the last five years deeply focused on leading and transforming the face of the solar industry in North America.
Under the leadership of their new CEO, Ajay Goel, TataPower Solar is ready to take the solar business forward with renewed vigor.
Commenting on the new identity of the over two decade old Company, Mr. Adi Engineer, Chairman, Tata Power Solar, expressed confidence that the Company would continue on the growth trajectory with the same passion and zeal that it has displayed since its inception.
"I am truly excited and honored to join a team that pioneered the solar industry in India and remains at its vanguard even after 20 dynamic years. With its deep roots and passion for solar, I am confident that we will make Tata Power Solar the leading solar company in the world", said Mr. Ajay Goel CEO, Tata Power Solar.
As one of the largest solar companies in India,Tata Power Solar offers:
• A wide range of innovative solar systems and solutions for rural and commercial markets, supported by a network of 150 dealers and service centers
• The expertise and capabilities to provide complete EPC solutions for large grid-connected solar power plants. They completed 50MW of such projects last year
• A sophisticated 84MW solar cell manufacturing facility and 125MW module manufacturing facility
• A competent green workforce of over 600 employees, with deep expertise in solar
At the core of Tata Power Solar is the passion to harness solar energy to bring electricity to the masses. It has electrified over 500 rural villages in India and installed over 100 solar power plants in tough terrains of Ladakh. In addition, the Company develops unique power solutions for large industrial clients such as railways, defense and telecom.
Mr. Anil Sardana, Managing Director, Tata Power, pointed out that, "In line with Tata Power's commitment to clean, green energy, we are happy to integrate Tata Power Solar as a sunrise business into our operations. Tata Power Solar embodies our focus and passion for sustainability and care for the environment and moves us closer to our commitment to sustainability andlighting up lives".
About Tata Power Solar
Tata Power Solar was founded in 1989 as a joint venture between Tata and British Petroleum and currently operates independently as a wholly owned subsidiary of Tata Power. The core of Tata Power Solar is focused on harnessing solar energy to bring electricity to the masses. It operates primarily in three key segments- large utility projects, industrial solutions and standard products &systems for mass markets. It also owns and operates over 80MW of solar cell manufacturing and over 120MW of solar module manufacturing at its headquarters in Bangalore, India. More details at www.tatapowersolar.com
About Tata Power:
Tata Power is India's largest integrated power company with significant international presence. The Company has an installed generation capacity of 6099 MW in India and presence in all the segments of the power sector viz Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. It has successful public-private partnerships in Generation, Transmission and Distribution in India namely "Tata Power Delhi Distribution Limited" with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. It is one of the largest renewable energy players in India and is developing country's first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology.
Its international presence includes strategic investments in Indonesia through 30% stake in coal mines and a geothermal project; in Singapore through Trust Energy Resources to securitise coal supply and the shipping of coal for its thermal power generation operations; in South Africa through a joint venture called 'Cennergi' to develop projects in South Africa, Botswana and Namibia; in Australia through investments in enhanced geothermal and clean coal technologies and in Bhutan through a hydro project in partnership with The Royal Government of Bhutan. With its track record of technology leadership, project execution excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and committed to 'lighting up lives' for generations to come. Visit us at: www.tatapower.com
For further information, please contact:
Shalini Singh
Head- Corporate Communications
The Tata Power Company Limited
Phone: +91 22 6665 8748
Email: shalinis ( @ ) tatapower dot com
GManorama
Manager, Marketing
Tata Power Solar Systems Limited
Phone : +91 80 4070 2205
Email : manoragr ( @ ) tatapowersolar dot com
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