Thiruvananthapuram: The Kerala State Industrial Development Corporation has signed a memorandum of understanding with Jusung Engineering, a Korean company for setting up a solar cell and module manufacturing facility in the State.
The MoU was signed by KSIDC Managing Director Tom Jose and the company Vice-President Tae Kwang Kang in the presence of Industries Minister P.K. Kunhalikutty here on Wednesday evening.
Location
Kunhalikutty told reporters that it has been proposed to set up the facility at the United Electricals Ltd premises in Kollam.
A pre-feasibility study will be carried out to establish the techno-economic viability of the project. After that the joint venture will prepare a detailed project report.
It will also prepare a marketing plan for the project. KSIDC will assist to tie-up land, power and other infrastructural support.
It has been proposed to manufacture solar cells and modules of 6-inch dimension and 20 per cent efficiency. The annual capacity in the first phase will be about 100 MW.
The cost of the project is estimated at Rs 500 crore. KSIDC has already engaged the Centre for Management Development for conducting the pre-feasibility study. The study will be completed in May.
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