Numeric Power Systems, a provider of uninterrupted power supply (UPS) systems, has decided to set up a 1 MW solar energy farm at Palladam near Coimbatore district of Tamil Nadu.
The company would buy solar cells from suppliers in Japan and Germany and configure panel modules and assemble them. The cost of the project is estimated at Rs 25 crore. (25 crores? I was under the impression that solar energy capex was about 2-3 million $ per MW).
Apart from latest development, the company is also planning to invest in LED lighting systems projects and make foray into the precision air-conditioning space with a strategic partner.
