Asia Bizz: Tata Power, India’s biggest private sector power utility company, has announced on Tuesday that it will build a $1 million solar power plant in India later this year; in partnership with Australian company Sunengy. The construction of the plant is expected to begin in August 2011.

Sunengy Chairman, Peter Wakeman said that the Hunter Valley-based company will be partnering with India’s Tata Power to develop low-cost solar technology which will see solar panels floating on water.

Tata Power Executive Director Banmali Agrawala said that this project will utilize the surface of water to mount cells on floating panels, instead of a frame. The project is aimed to be eco-friendly and low-cost so that it can also get the attention of the general public.

Tat Power is India’s oldest electricity generation company and is known to be a pioneer in the Indian power sector, after coming into existence back in 1911. The company has executed several projects across the globe – some prominent ones being in South East Asia, Middle East and Africa.

In 2012, Sunengy is also set to establish a big Liquid Solar Array (LSA) system in Hunter Valley.