HYDERABAD: CETC (India), an ancillary of China Electronics Technology Group Corporation (CETC), on Thursday performed the ground-breaking ceremony for 200-MW solar photovoltaic cell (PVC) manufacturing park (phase 1) at Sri City in Andhra Pradesh.
Liu Liehong, General Manager, CEO, CETC, laid the foundation stone for the facility expected to be commissioned within 18 to 20 months.
Seeking the State Government’s support for getting all approvals on time, he said: “We look forward to work hand in hand with Sri City and AP Government.”
J. Krishna Kishore, Chief Executive Officer, Andhra Pradesh Economic Development Board (APEDB), said that Andhra Pradesh is building an integrated system of electronics manufacturing in the country, and CETC’s investment will be a mutually rewarding partnership between China and India.
He said: “Solar industry continues to see a strong growth in India, especially when India recently concluded the International Solar Alliance (ISA). CETC is establishing this facility in Andhra Pradesh to be close to its customers in this growing, leading-edge market.”
Ravindra Sannareddy, Founder Managing Director, Sri City, said: “This will be the 6th Chinese company in Sri City, and we are very happy to have yet another major unit in the renewable energy sector. CETC’s entry to Sri City assumes greater significance, as it would help boost solar power production capacity in the country.”
The project is expected to boost India’s local solar power production capacity and play a role in achieving the target of 100 Giga Watt of solar PV capacity by 2022.
The plant, which will be built in 18 acres in the domestic tariff zone (DTZ) at an initial investment of around Rs 320 crore, will be commissioned by the last quarter of 2019. The project would generate employment for 300 people in the first phase and about 1,500 jobs in a phased manner.
Headquartered in Beijing, CETC is a backbone of state-owned enterprises in China. It was established in March 2002 and is made up of 66 secondary member units, 8 listed companies, 42 subsidiaries and over 40 offices overseas. It employs 150,000 employees, has 18 national key laboratories, and 10 national research and innovation centres.
Source: thehindubusinessline
