Tata Power Company renamed its solar-energy venture and appointed a new chief executive for the unit.
Tata BP Solar India Ltd.will now be called Tata Power Solar Systems Ltd.,the country's largest private power company by capacity said in a statement.The utility had signed an agreement in December to buy BP PLC unit BP Alternative Energy Holdings'51%stake in the joint venture set up in 1989.
Tata Power has appointed Ajay Goel as the chief executive of the solar company.Mr.Goel succeeds K.Subramanya,who resigned in May.Tata Power Solar is engaged in the engineering and construction of solar-power projects.It also manufactures solar equipment.
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