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Gestamp to set up 25 MW solar power plant in Ramnad

Gestamp, the Spanish major is planning to set up a 100 MW solar powered plant in Tamil Nadu. Southern Solar, its joint venture partner -Zynergy along with Gestamp will set up a 25 MW solar powered plant in Ramnad district of Tamil Nadu. The company has acquired 500 acres of land and is negotiating with power purchases to sign PPA's. Gestamp has 70% stake in the venture.

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