China Electronics Technology Group Corporation breaks ground for solar panel making unit
CETC (India), an ancillary of China Electronics Technology Group Corporation (CETC), hosted a ground-breaking ceremony on Thursday, marking the start of construction of its solar Photovoltaic (PV) panels manufacturing park in Sri City.
Tirupati: CETC (India), an ancillary of China Electronics Technology Group Corporation (CETC), hosted a ground-breaking ceremony on Thursday, marking the start of construction of its solar Photovoltaic (PV) panels manufacturing park in Sri City.
Liu Liehong, General Manager, CEO, CETC broke the ground and laid the foundation stone along with J Krishna Kishore, Chief Executive Officer, Andhra Pradesh Economic Development Board (APEDB), Sri City Managing Director Ravindra Sannareddy and senior managers of CETC. Stating that among the various sites surveyed by them ‘Sri City was the best’, Liu Liehong said that the facility will be commissioned within 18 to 20 months and sought the support of state government in getting all approvals in time.
“We look forward to work together with Sri City and AP government,” he added. Speaking on the occasion, Krishna Kishore mentioned that AP is building an integrated system of electronics manufacturing cluster in the country, and CETC’s investment will be a mutually rewarding partnership between China and India. He said, “solar industry continues to see strong growth in India, especially when India recently concluded the International Solar Alliance (ISA). CETC establishing this facility in Andhra Pradesh to be close to its customers in this growing,
leading-edge market,” he said, stating that it is the first major investment by a Chinese government owned company in the state, Ravindra Sannareddy said that the CETC will be the sixth Chinese company in Sri City. “We are very happy to have yet another major unit in the renewable energy sector.
CETC's entry into Sri City assumes greater significance, as it would help boost solar power production capacity in the country,” he stated. “We are happy for hosting such a project, which may help boost India’s local solar power production capacity and deliver a significant invigoration for achieving the target of 100 Giga Watt of solar PV capacity by 2022,” he added.
The plant, which will be built in a plot of 18 acre in the Domestic Tariff Zone (DTZ) at an initial investment of around Rs 320 crore, will be commissioned by last quarter of 2019. The project would generate employment for 300 people in the first phase and about 1,500 total jobs in a phased manner. The plant will manufacture Solar Photovoltaic Cells. During first phase, the plant would be of 200 MW capacity.