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Jamadagni Comedian Username: Jamadagni Post Number: 1118 Registered: 03-2015 Posted From: 101.63.148.127 Rating: N/A |
NEW DELHI, SEPTEMBER 23: Chinese solar power module and cell manufacturer Xiâan LONGi Silicon Materials Corporation signed a memorandum of understanding to build a $250 million ( around â¹1,600 crore) manufacturing plant in Andhra Pradesh. Xiâan LONGi will invest the money as part of the first phase of investment in the proposed â¹8,000-crore plant. The company will initially employ 1,000 people to produce 1,000 MW of solar cells annually and 1,000 MW of solar modules annually. âIndia is a leading market for solar power right now. We hope our investment helps contribute to Indiaâs solar programme as well as the âMake in Indiaâ programme,â said Baoshen Zhong, Chairman of LONGi. LONGiâs plant will come up in Sri City, Andhra Pradesh, which is 55 km north of Chennai and is a special economic zone. Andhra Pradesh Chief Minister Chandrababu Naidu urged LONGi to enhance research in solar power to bring down the cost of electricity. He also promised to provide all necessary approvals to the company within 21 days. âYou have to show speed, scale and skillâ¦I want Xiâan to help us with research to bring down the cost of solar power,â said Naidu. Meanwhile, Ajay Jain, Secretary for Infrastructure and Investment, Andhra Pradesh, said that the State targets to have 9,000-10,000 MW of solar power capacity by 2022. He added that work on the 2,500 MW solar park coming up in the State. âWork has started on 250 MW. A further 2,000 MW is under tendering and will be awarded within the next 10-15 days,â said Jain. http://www.thehindubusinessline.com/news/national/chinese-fi rm-xian-longi-to-set-up-1600cr-solar-module-cell-manufacturi ng-plant-in-ap/article7681997.ece |