With an investment of Rs 1,400 crore, Mahindra EPC wants to set up 200 mw of solar power plants in Tamil Nadu, across two locations — near Madurai and Tiruchi. When completed, a group company of Mahindra & Mahindra will own a third of the 200 mw capacity, while the rest would be sold to those who wish to own solar assets.
Mahindra EPC Services said that the company would need to buy 600 acres at each location.
Mahindra EPC is active in the Tamil Nadu solar market and has secured many construction jobs, mainly from the developers who have won rights to sell solar power to the State electricity generation and distribution utility Tangedco at tariffs determined through a recent bidding process.
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