Suntech, Canadian Solar and Tata BP to supply Indian plant

Tata Power will order equipment for a $68 million solar project from three panel suppliers.

Suntech, the world’s biggest panel maker, Canadian Solar Inc. and Tata BP Solar Ltd. will supply the 25-megawatt plant in western Gujarat state with crystalline silicon-based modules, according to the Mumbai-based utility, reports Bloomberg.

The project in Mithapur has received financing from local banks led by State Bank of India and Export-Import Bank of India. The banks will fund 70 percent of the project with rupee term loans, Tata Power said.