BL reported that Hyderabad based Titan Energy Systems has firmed up plans to target corporate sector and roof top installations in the domestic market. For corporate, it plans to offer solar power to supplement diesel to power systems and equipment in offices.

Mr Rao SYS Chodagam MD of Titan Energy said that Similarly, roof top installations with a wide range of applications from home lighting to taking care of the power needs of independent bungalows, villas, resorts and small offices are priority.

Mr Rao said that the company has created a separate division to pursue these two business opportunities in the business to business space and not the consumer end. He said that the company has emerged among the strong players in the solar energy sector with an installed capacity of 50 MW at present and an order book of over INR 1,500 crore from global manufacturers.

Mr Rao said by end of 2008 that the installed capacity would double to 100 MW and by the end of 2009 the target was to reach 250 MW. The major addition would come through the big project in the upcoming Fab City near the Hyderabad International Airport, on the outskirts of Hyderabad.

The company has been allocated 25 acres of land. It is raising the required USD 15 crore investments through term loans and internal accruals. He said that talks are also on with private equity players. The project, where ‘bhumi puja’ has been recently completed would provide employment to 400 to 450 people.