New Delhi: Sixty-one per cent of the companies in the five BRICS countries - Brazil, Russia, India, China and South Africa - do not publicly disclose their carbon emission details, according to a survey by Environmental Investment Organisation (EIO), a UK-based climate change and finance think tank.
In the EIO survey, three Indian companies - Infosys (fourth), HCL Technologies (fifth) and Wipro (sixth) - have emerged among the top 10 companies with least emissions. This is part of a ranking of the 300 largest companies in the BRICS region, taking into account greenhouse gas emissions and transparency factors.
Brazil's alternative energy company, Cemig, tops the list of Environmental Tracking (ET) BRICS 300 Carbon Ranking, followed by Vodacom Group of South Africa and Lenova of China. The other firms among the top 10 list are Brazil's BMF Bovespa (seventh), China's Hong Kong Exchanges & Clearing (eighth), Brazil's Natura (ninth) and Chinese firm Hopewell Holdings.
The new study also shows that large quantities of emissions are not being accounted for. Public disclosure of greenhouse gas emissions among the leading BRICS companies is highly inconsistent, with less than 20 per cent of entities correctly adopting the basic principles of greenhouse gas emissions reporting, the study points out.
The other key finding is that no company in the BRICS 300 Ranking fully reports emissions across its entire value chain. Scope 3 (value chain) emissions include greenhouse gas emissions from sources not owned or directly controlled by the company, but over which it has influence. It includes categories such as business travel, transportation and distribution, and investments.
Among the 300 companies, Asian Paints has ended up last with no public data and with a high emission intensity, according to EIO. The other Indian companies that constitute the bottom 10 list are Jaiprakash Associates (293rd) and Grasim Industries (298th).
"This ought to be a wakeup call for companies. Since the majority of total corporate emissions often come from Scope 3 sources, large quantities of emissions are not being accounted for. Not only could this be a source of unmeasured risk for companies, but it also means we are not getting the full picture in terms of corporate emissions. This is precisely why the Carbon Rankings are designed to encourage Scope 3 disclosure," says Sam Gill, chief executive officer at the Environmental Investment Organisation.
These rankings are compiled from publicly available emissions data taken from company sustainability reports, annual reports, and websites.
Success in my Habit
Wednesday, May 1, 2013
India signs pact with China to boost handicraft exports
New Delhi: India and China have signed a memorandum of understanding for promotion of exports of Indian handicrafts.
A high-level delegation led by Zohra Chatterji, Secretary, Textiles, visited China for increasing handicraft trade and brand image promotion of Indian handicrafts and textiles in the Chinese market.
An MoU was signed between the Export Promotion Council for Handicrafts and the China Council for the Promotion of International Trade (CCPIT) to explore the possibilities of enhancing handicrafts from India to important markets of China.
The MoU will focus on promotion of exports of products such as ethnic and contemporary furniture, wooden handicrafts including furniture from Jodhpur and Saharanpur, imitation jewellery and fashion jewellery and art metalware from Moradabad.
India will also organise the first exclusive exhibition of Indian handicrafts in China.
Further exchange of techniques, craft exchange programmes and Reverse Buyer Seller Meets will also be organised by both the countries.
The delegation also held meetings with Shanghai Textile Association, Shanghai Textile Trade Association, Shanghai Import & Export Chamber and Shanghai Mart.
A high-level delegation led by Zohra Chatterji, Secretary, Textiles, visited China for increasing handicraft trade and brand image promotion of Indian handicrafts and textiles in the Chinese market.
An MoU was signed between the Export Promotion Council for Handicrafts and the China Council for the Promotion of International Trade (CCPIT) to explore the possibilities of enhancing handicrafts from India to important markets of China.
The MoU will focus on promotion of exports of products such as ethnic and contemporary furniture, wooden handicrafts including furniture from Jodhpur and Saharanpur, imitation jewellery and fashion jewellery and art metalware from Moradabad.
India will also organise the first exclusive exhibition of Indian handicrafts in China.
Further exchange of techniques, craft exchange programmes and Reverse Buyer Seller Meets will also be organised by both the countries.
The delegation also held meetings with Shanghai Textile Association, Shanghai Textile Trade Association, Shanghai Import & Export Chamber and Shanghai Mart.
German envoy sees trade upside, boost to cooperation
Hyderabad: The India-Germany bilateral trade, now at about €18 billion is set for a big boost as the negotiations on the free trade agreement and investments reaches a very critical phase, according to Michael Steiner, German Ambassador to India.
He said that the cooperation in other broader areas such as energy, with accent on renewables, education and research, science and technological will bring people closer between the two countries.
Announcing the inaugural of a eight-day event of Germany in Hyderabad, he said this will serve as a platform to understand the broader areas of mutual cooperation between the two countries. He felt that the broader agreements once signed will also provide a platform to facilitate more opportunities to work together. While the event is targeted to focus on areas of potential interface such as education, research, he felt that there is need to understand both the countries and see how each could be beneficial to other.
He said higher education, research and language are the door opener for the globalised world.
Germany and India want to foster these areas to the benefit of both countries.
“In Berlin, on April 11, Chancellor Merkel and Prime Minister Manmohan Singh have paved the way for an ever-closer Indo-German academic and scientific partnership. In Hyderabad, the road shows, on bringing research institutes, put this partnership into practice,” he said.
The DWIH Session-Study & Research in Germany provides a platform for students and those seeking to pursue research an opportunity to understand the various opportunities where exchange programmes could take place. They have a chance to interact and learn about potential and possibilities. The event also hosting a session on Make it in Germany presenting opportunities for students and qualified professionals.
He said that the cooperation in other broader areas such as energy, with accent on renewables, education and research, science and technological will bring people closer between the two countries.
Announcing the inaugural of a eight-day event of Germany in Hyderabad, he said this will serve as a platform to understand the broader areas of mutual cooperation between the two countries. He felt that the broader agreements once signed will also provide a platform to facilitate more opportunities to work together. While the event is targeted to focus on areas of potential interface such as education, research, he felt that there is need to understand both the countries and see how each could be beneficial to other.
He said higher education, research and language are the door opener for the globalised world.
Germany and India want to foster these areas to the benefit of both countries.
“In Berlin, on April 11, Chancellor Merkel and Prime Minister Manmohan Singh have paved the way for an ever-closer Indo-German academic and scientific partnership. In Hyderabad, the road shows, on bringing research institutes, put this partnership into practice,” he said.
The DWIH Session-Study & Research in Germany provides a platform for students and those seeking to pursue research an opportunity to understand the various opportunities where exchange programmes could take place. They have a chance to interact and learn about potential and possibilities. The event also hosting a session on Make it in Germany presenting opportunities for students and qualified professionals.
Saturday, April 27, 2013
Property prices in Delhi-NCR increase 20% over last year
New Delhi: Delhi and the adjoining National Capital Region (NCR) has seen a 20 per cent rise in property prices over the past year, the highest among all metropolitan regions in the country, according to a report.
The highest growth was seen in Sector 112 of Gurgaon, where capital values rose 72 per cent in the first quarter of 2013 over the same quarter in 2012, said the report by 99acres.com, which has taken into account seven major cities across India.
In Delhi, the localities to see the highest rise were Vasundara Enclave and Sector 13, Dwarka, with around 28 per cent and 25 per cent appreciation, respectively, in the first quarter of 2013 when compared to 2012.
The seven cities covered in the report are Delhi-NCR, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Pune.
After Delhi-NCR, Kolkata saw the highest appreciation in prices, at 17 per cent in the same period. The other metros seeing double-digit percentage growth in property prices were Mumbai, Bangalore, Pune and Hyderabad, with 12-15 per cent more in the first quarter, compared to last year.
The report also said the Indian real estate market in 2013 continued to grow, despite subdued GDP growth trends and economic conditions. A drop in home loan rates and a dip in domestic inflationary numbers has infused a sense of buoyancy among buyers.
Housing rentals in the Delhi-NCR rose eight per cent in the first quarter. The highest appreciation during this period was seen in Sector 44, Noida, and Sector 54, Gurgaon, with 70 per cent increase in rentals.
The property market in Delhi-NCR has been upbeat for a while and is expected to see a similar trend on account of low supply and huge latent demand. However, a few localities in South Delhi such as Saket, Vasant Vihar and Greater Kailash saw a price correction of six to eight per cent.
Vineet Singh, business head at 99acres.com, said: “While in Delhi, the prices are averaging or growing slowly, the NCR area is witnessing a price appreciation owing to increased movement of people preferring improved connectivity and affordable housing. The areas closer to Delhi like Sector 44, Noida and Sector 112, Gurgaon, are seeing appreciation in both sale and rentals.”
The highest growth was seen in Sector 112 of Gurgaon, where capital values rose 72 per cent in the first quarter of 2013 over the same quarter in 2012, said the report by 99acres.com, which has taken into account seven major cities across India.
In Delhi, the localities to see the highest rise were Vasundara Enclave and Sector 13, Dwarka, with around 28 per cent and 25 per cent appreciation, respectively, in the first quarter of 2013 when compared to 2012.
The seven cities covered in the report are Delhi-NCR, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Pune.
After Delhi-NCR, Kolkata saw the highest appreciation in prices, at 17 per cent in the same period. The other metros seeing double-digit percentage growth in property prices were Mumbai, Bangalore, Pune and Hyderabad, with 12-15 per cent more in the first quarter, compared to last year.
The report also said the Indian real estate market in 2013 continued to grow, despite subdued GDP growth trends and economic conditions. A drop in home loan rates and a dip in domestic inflationary numbers has infused a sense of buoyancy among buyers.
Housing rentals in the Delhi-NCR rose eight per cent in the first quarter. The highest appreciation during this period was seen in Sector 44, Noida, and Sector 54, Gurgaon, with 70 per cent increase in rentals.
The property market in Delhi-NCR has been upbeat for a while and is expected to see a similar trend on account of low supply and huge latent demand. However, a few localities in South Delhi such as Saket, Vasant Vihar and Greater Kailash saw a price correction of six to eight per cent.
Vineet Singh, business head at 99acres.com, said: “While in Delhi, the prices are averaging or growing slowly, the NCR area is witnessing a price appreciation owing to increased movement of people preferring improved connectivity and affordable housing. The areas closer to Delhi like Sector 44, Noida and Sector 112, Gurgaon, are seeing appreciation in both sale and rentals.”
NTPC to complete 1,500 MW Haryana plant today
New Delhi: NTPC would complete the commercial operation of 1,500 MW Indira Gandhi Super Thermal Power Project at Jharli in Haryana after commissioning the third 500 MW unit on Friday.
With this, all the three units in the first stage shall be commissioned and commercial operation started. There is a future provision for further expansion of 2 x 660MW under the second stage, said a senior NTPC official.
The project Aravali Power Company Pvt Ltd is jointly held by NTPC with 50 per cent share and the remaining equally shared between Haryana Power Generation Corporation Ltd and Indraprastha Power Generation Company Ltd.
The electricity from the unit is supplied to Haryana, Delhi and other northern States. The coal-fired stations received fuel from Mahanadi Coalfields in Odisha. Power evacuation from the project takes place through two associated 400 KV double circuit transmission system to Daultabad in Haryana and Mundka in Delhi.
The first unit was commissioned on October 31, 2010, after 39 months from the date of investment approval. The second unit was commissioned on November 5, 2011.
With this, all the three units in the first stage shall be commissioned and commercial operation started. There is a future provision for further expansion of 2 x 660MW under the second stage, said a senior NTPC official.
The project Aravali Power Company Pvt Ltd is jointly held by NTPC with 50 per cent share and the remaining equally shared between Haryana Power Generation Corporation Ltd and Indraprastha Power Generation Company Ltd.
The electricity from the unit is supplied to Haryana, Delhi and other northern States. The coal-fired stations received fuel from Mahanadi Coalfields in Odisha. Power evacuation from the project takes place through two associated 400 KV double circuit transmission system to Daultabad in Haryana and Mundka in Delhi.
The first unit was commissioned on October 31, 2010, after 39 months from the date of investment approval. The second unit was commissioned on November 5, 2011.
NIIT Tech bags Rs 344-cr AAI deal
New Delhi: NIIT Technologies has bagged a multi-year contract from the Airports Authority of India worth Rs 344 crore for the implementation of Airport Operations Control Centres. This will be in partnership with SITA, a provider of global information and telecommunication solutions for the air transport industry, to streamline operations at the customer touch points. For example, instead of getting boarding gate number and luggage belt number, a customer can get such information through SMS on real time basis. The project is an initiative undertaken by Civil Aviation Ministry towards modernisation of Indian airports to improve capacity utilisation, passenger throughput enhancement, stakeholder management and process standardisation, NIIT Technologies said. The project will be executed within the next 15 months at the airports in Chennai, Kolkata, Ahmedabad, Pune, Tiruchi, Thiruvananthapuram, Kozhikode, Mangalore, Guwahati and Jaipur. The project has a provision for extending the solution to additional 25 airports in India, it said. NIIT Technologies has also provided similar solutions at 12 airports globally, including Hong Kong, Singapore and Abu Dhabi.
Bosch Rexroth starts production at its new plant in Sanand
Ahmedabad: Bosch Rexroth has started operation at its new plant in Sanand with an investment of Rs 280 crore. The company wants to address the specific regional product and system requirements from its facility and it is not only expanding production but also stepping up sales and development.
The company also plans to set up an additional project at its old site in Vatva in Ahmedabad and the parent company will take a decision about the product category.
""Going beyond production, we have developed the Sanand plant more and more into a technology center,"" said Johannes T. Grobe, MD of Bosch Rexroth in India. Based on the product platforms, engineers develop regional product variations at the plant which meet the specific requirements of the local customers.
Bosch Rexroth manufactures hydraulics components and systems at the site, which are used in machinery applications and engineering, factory automation and mobile applications. The new plant has a total area of around 37,000 square meters.
The company employs around 880 associates in India and 550 of them are working in Ahmedabad. The company registered a turnover of Rs 600 crore in 2012. Bosch Rexroth has been present in India for over 35 years and since 2007, the company has almost doubled its transaction volume. ""With our strategy ""local for local"", we are opening up additional market segments that we would not be able to reach from Germany. In the long run, this also ensures higher capacity utilization in Germany,"" said Wolfgang Horn, senior vice president technical of the Industrial Applications business unit at Bosch Rexroth AG.
In March 2013, the company expanded its presence in Fountain Inn in the US and doubled its production capacity there. In 2012, Bosch Rexroth put into operation new production facilities and offices as well as an R&D center in Wujin, China.
The company also plans to set up an additional project at its old site in Vatva in Ahmedabad and the parent company will take a decision about the product category.
""Going beyond production, we have developed the Sanand plant more and more into a technology center,"" said Johannes T. Grobe, MD of Bosch Rexroth in India. Based on the product platforms, engineers develop regional product variations at the plant which meet the specific requirements of the local customers.
Bosch Rexroth manufactures hydraulics components and systems at the site, which are used in machinery applications and engineering, factory automation and mobile applications. The new plant has a total area of around 37,000 square meters.
The company employs around 880 associates in India and 550 of them are working in Ahmedabad. The company registered a turnover of Rs 600 crore in 2012. Bosch Rexroth has been present in India for over 35 years and since 2007, the company has almost doubled its transaction volume. ""With our strategy ""local for local"", we are opening up additional market segments that we would not be able to reach from Germany. In the long run, this also ensures higher capacity utilization in Germany,"" said Wolfgang Horn, senior vice president technical of the Industrial Applications business unit at Bosch Rexroth AG.
In March 2013, the company expanded its presence in Fountain Inn in the US and doubled its production capacity there. In 2012, Bosch Rexroth put into operation new production facilities and offices as well as an R&D center in Wujin, China.
TN to strengthen power infrastructure with Japanese aid
Chennai: Electricity transmission and distribution infrastructure in Tamil Nadu will be strengthened at a cost of Rs 8,000 crore with 56 more sub-stations being set up this year, Chief Minister J. Jayalalithaa announced in the Assembly today.
The sub-stations will improve the quality of power in Chennai, industrial hubs in the State and south Tamil Nadu. Wind power evacuation capacity will also be increased.
She also said the State will enter into long-term, 15-year power purchase agreements through the Case-1 bidding route to bridge electricity shortfall.
Stored hydel power
A 2,000 MW pumped storage hydro power project will be established at a cost of Rs 7,000 crore in the Nilgiris, she said. The Sillahalla hydroelectric project will be established in stages over the next 8-10 years.
In the first stage, a 91-metre high reservoir will be created across the Sillahalla, a tributary of Kundah, and linked to the Avalanche-Emerald reservoirs. In the next stage a 2,000-MW underground power station will be set up between the proposed Sillahalla reservoir and Pillur reservoir 1,500 metres below. The power will be generated when the water flows through an underground tailrace tunnel.
Surplus power during off peak hours will be used from various sources to lift the water again to the upper reservoir to generate power during the peak demand period.
The State Government has formulated an Rs 5,000-crore plan to strengthen the transmission and distribution infrastructure with Rs 3,572 crore special funding from Japan. The loan will carry 0.55 per cent interest and can be repaid over 20 years with repayment starting after 10 years.
Global funding
The sub-stations planned with the international funding include five 400 kV sub-stations and related distribution lines with Rs 2,750-crore assistance from the Japan International Cooperation Agency. These are to come up in Chennai and Coimbatore.
Work on setting up 14, 230 kV sub-stations will be started to support power supply in Chennai, Tiruppur, Madurai, Thanjavur, Ariyalur, Virudhunagar, Erode and Kanchipuram districts.
A 400 kV sub-station will come up in Thiruvallam, Vellore district, at a cost of Rs 1,000 crore. This will help Tamil Nadu share power with other Southern States with the Power Grid Corporation setting up a 765 kV in Thiruvallam.
Tamil Nadu has over 7,140 MW of wind power generation capacity. To address the evacuation capacity shortage from wind generation in South Tamil Nadu, Rs 1,230-crore 400 kV sub-stations with 788 km length of transmission lines will be set to evacuate wind power from Coimbatore, Udumalpet, and Theni region. A similar project is on to evacuate power from Kayathar, Tirunelveli district, with a 400 kV sub-station and transmission lines at a cost of Rs 2,300 crore to bring the power to Chennai.
The State Government has a target of setting up 3,000 MW of solar power capacity over the next three years.
The Government hopes to make solar power generation a people’s movement. It had announced an incentive of Rs 2 a unit in the initial two years, Re 1 in the next two years and Rs 0.50 for two more years for those setting up rooftop solar power generation facilities. Following demand for more incentives, the Chief Minister said buyers can now avail themselves of an alternative option to get an incentive of Rs 20,000 a kw.
The sub-stations will improve the quality of power in Chennai, industrial hubs in the State and south Tamil Nadu. Wind power evacuation capacity will also be increased.
She also said the State will enter into long-term, 15-year power purchase agreements through the Case-1 bidding route to bridge electricity shortfall.
Stored hydel power
A 2,000 MW pumped storage hydro power project will be established at a cost of Rs 7,000 crore in the Nilgiris, she said. The Sillahalla hydroelectric project will be established in stages over the next 8-10 years.
In the first stage, a 91-metre high reservoir will be created across the Sillahalla, a tributary of Kundah, and linked to the Avalanche-Emerald reservoirs. In the next stage a 2,000-MW underground power station will be set up between the proposed Sillahalla reservoir and Pillur reservoir 1,500 metres below. The power will be generated when the water flows through an underground tailrace tunnel.
Surplus power during off peak hours will be used from various sources to lift the water again to the upper reservoir to generate power during the peak demand period.
The State Government has formulated an Rs 5,000-crore plan to strengthen the transmission and distribution infrastructure with Rs 3,572 crore special funding from Japan. The loan will carry 0.55 per cent interest and can be repaid over 20 years with repayment starting after 10 years.
Global funding
The sub-stations planned with the international funding include five 400 kV sub-stations and related distribution lines with Rs 2,750-crore assistance from the Japan International Cooperation Agency. These are to come up in Chennai and Coimbatore.
Work on setting up 14, 230 kV sub-stations will be started to support power supply in Chennai, Tiruppur, Madurai, Thanjavur, Ariyalur, Virudhunagar, Erode and Kanchipuram districts.
A 400 kV sub-station will come up in Thiruvallam, Vellore district, at a cost of Rs 1,000 crore. This will help Tamil Nadu share power with other Southern States with the Power Grid Corporation setting up a 765 kV in Thiruvallam.
Tamil Nadu has over 7,140 MW of wind power generation capacity. To address the evacuation capacity shortage from wind generation in South Tamil Nadu, Rs 1,230-crore 400 kV sub-stations with 788 km length of transmission lines will be set to evacuate wind power from Coimbatore, Udumalpet, and Theni region. A similar project is on to evacuate power from Kayathar, Tirunelveli district, with a 400 kV sub-station and transmission lines at a cost of Rs 2,300 crore to bring the power to Chennai.
The State Government has a target of setting up 3,000 MW of solar power capacity over the next three years.
The Government hopes to make solar power generation a people’s movement. It had announced an incentive of Rs 2 a unit in the initial two years, Re 1 in the next two years and Rs 0.50 for two more years for those setting up rooftop solar power generation facilities. Following demand for more incentives, the Chief Minister said buyers can now avail themselves of an alternative option to get an incentive of Rs 20,000 a kw.
DC Design to manufacture luxury cars in Gujarat
Ahmedabad: Automobile designer Dilip Chhabria's DC Design would set up a manufacturing facility in Gujarat by 2014. The new facility with a capacity to produce 3,500 units of DC's supercars would come up at Sanand, the designer indicated on Wednesday. The new facility that would entail investment of Rs 60 crore would be developed in a year's time and would manufacture super car DC Avanti and eventually the super SUV, Chhabria said.
"I want DC Design to manufacture limited edition cars. Once we are done with 4000 units of one variant, we would phase that out and introduce a new model in the market. With aspirational young executives getting on board to own their sports car and luxury cars, we have decided to operate in the 25-30 lakh segment," he said.
Chhabria said considering he is close to the launch of DC Avanti, a super car, he would soon require a new facility apart from the one in Pune that would manufacture the super car. DC Design customises and manufactures automotives out of its Pune, Mumbai and Gaziabad plants currently. The Ahmedabad facility will be its fourth facility where it would have dedicated capacity to manufacture 1000 units of DC's existing car variants, while additional 2500 would cater to either DC Avanti or the new SUV DC proposes to showcase in Auto Expo 2014.
DC Design has opened its luxury car showroom in Ahmedabad and expects to sell 40 units in the state every month, said Shaunak Shah, director of Abhidev Automotives that has partnered with DC for Gujarat. DC Design has retail outlets across Delhi, Chennai, Hyderabad, Surat, Mumbai, Pune, Kochi, Raipur and Bengaluru.
"I want DC Design to manufacture limited edition cars. Once we are done with 4000 units of one variant, we would phase that out and introduce a new model in the market. With aspirational young executives getting on board to own their sports car and luxury cars, we have decided to operate in the 25-30 lakh segment," he said.
Chhabria said considering he is close to the launch of DC Avanti, a super car, he would soon require a new facility apart from the one in Pune that would manufacture the super car. DC Design customises and manufactures automotives out of its Pune, Mumbai and Gaziabad plants currently. The Ahmedabad facility will be its fourth facility where it would have dedicated capacity to manufacture 1000 units of DC's existing car variants, while additional 2500 would cater to either DC Avanti or the new SUV DC proposes to showcase in Auto Expo 2014.
DC Design has opened its luxury car showroom in Ahmedabad and expects to sell 40 units in the state every month, said Shaunak Shah, director of Abhidev Automotives that has partnered with DC for Gujarat. DC Design has retail outlets across Delhi, Chennai, Hyderabad, Surat, Mumbai, Pune, Kochi, Raipur and Bengaluru.
KSIDC inks pact with Korean firm to produce solar equipment
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.
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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