Moser Baer arm may establish PV unit in Hyd

Hyderabad: Delhi-based Moser Baer Photo Voltaic Limited (MBPV), the wholly-owned subsidiary of optical storage media manufacturer Moser Baer, is likely to establish a photovoltaic (PV) cell unit at the proposed Fab City in Hyderabad. Moser Baer is contemplating not one but two projects, including the PV unit, at an investment of around Rs 3,000 crore. The company recently declared the shipment of its photovoltaic cells and has orders and MoUs exceeding $100 million (around Rs 410 crore). It is also learnt that the state government had agreed to provide 75 acres of land at concessional rate in the Fab City along with power subsidy among other incentives. A MoU is hoped to be inked with Moser Baer on the proposed establishment of the PV unit in a couple of weeks. The state government''s investment promotion board had cleared a similar project of Solar Semiconductor, proposed to be set up at the Fab City in the state.