Madurai , DEC. 17:

Minister for Handlooms and Textiles S. Sundararaj, participating in a function at Ramanathapuram on Saturday, said that the district would soon become a hub for solar energy generation.

He said that more and more private companies have evinced interest in setting up units in the 100 MW solar energy park, part of a pilot project, to be established in over 500 acres at a cost Rs 920 crore at Pambur in Paramakudi taluk under the New Solar Energy Policy 2012 in the State.

The Tamil Nadu Industrial Development Corporation has signed a memorandum of understanding with Raasi Green Earth Energy recently. The process for acquisition of 500 acres of land in the village has been completed and Labour Minister would soon lay the foundation stone for establishing the park.

source: http://www.TheHinduBusinessLine.com / Home> Industry / by The Hindu Correspondent / Madurai, December 17th, 2012