HYDERABAD, JUN 12:  CDs, DVDs and floppy disks major, Moser Baer India Ltd mulls to set up its proposed solar photovoltaic cell making unit in Fab City, Hyderabad, according to the official sources.

Moser Baer chairman and MD Deepak Puri had recently met the chief minister YS Rajasekhara Reddy and sought his support for the project. The company has sought about 75 acre land in the Fab City and plans to make an investment of about Rs 2,000 crore in the next one year. It is targeting a capacity of 80 mw by 2007.

Confirming the development, the state’s industry secretary B Sam Bob said, “We have asked the company to submit its business plan, accordingly a decision will be taken soon.”

Besides the land, the company has evinced interest in joining the Fab City SPV project, which will develop the required infrastructure for the Fab. Moser Baer India had recently altered its Objects Clause facilitating the company to act as developer. Considering the special status the company had accorded for entering renewable energy sector, it is planning to develop an SEZ with upstream and down stream companies.