M&B Switchgear to set up 20 MW solar powered plant in Indore

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Category: M P Solar Power Projects

M&B Switchgear Ltd is planning to set up 20 MW solar power plant near Indore in Madhya Pradesh. The project will be set up with an investment of Rs. 2500 million and will have a debt: equity ratio of 70:30 . The project is expected to achieve financial closure by end 2012. The company has a 2 MW grid connected plant in Raigarh district in Madhya Pradesh