Country's largest private power producer Tata Power today announced its partnership with Australian company Sunengy for executing a solar power project in India this year.
"Australia-based solar power company Sunengy has entered into a partnership with Tata Power that will allow it to build a pilot plant for its low-cost, floating on water, solar technology in India by the end of this year," Tata Power said in a statement today.
However, the company did not specify the financial details of the partnership.
Construction of the pilot plant in India will commence in August, 2011.
"This nascent technology will be demonstrated in natural environment, utilises the water surface for mounting and does not compete with land that can be used for other purposes," Tata Power Executive Director Banmali Agrawala said.
The deal was significant for the future use of solar globally, Sunengy Chairman and Executive Director (Business Development) Peter Wakeman said.
Tata Power is working towards taking its capacity addition to 2,975 MW.
The company's upcoming projects include the 4,000-MW ultra mega power project at Mundra in Gujarat, which is likely to be commissioned in August, 2011.