Premier Energies to set up Rs 483 Cr Solar Cell facility in Hyderabad

PTI | Hyderabad | Updated: 10-02-2021 17:56 IST | Created: 10-02-2021 16:54 IST
Premier Energies to set up Rs 483 Cr Solar Cell facility in Hyderabad
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Premier Energies, a city-based leading Solar PV Cells, and Module manufacturing company, is setting up a new state-of-the-art facility at E -City here atan investment of Rs 483 crore.

The Greenfield Project, spread across 25 acres, is slatedto triple Premier Energys current capacity.

The plant will produce 1.5 GW of solar cells and modules against the current capacity of 500 MW, a company pressrelease said.

It is expected to be commissioned in the next two months.

Besides working towards reaching their stated objectiveof cleaner air and a greener world, the new venture will position the company amongst the top five solar manufacturingcompanies in India.

Chiranjeev Saluja, Founder and Managing Director, PremierEnergies said, ''With the expanded capacity, we aim to worktowards Indias commitment of addressing climate change.

Our commitment is to fulfill our goals of a greenerdecade while contributing to the Indian power sector.

With the increased adoption of automation and robotics, our new factory will be at par with some of the leading manufacturing companies in Asia, Europe, and USA, producing world-class products.'' Premier Energies, an independent power producer owns/operates more than 250 MW solar power plants across thecountry.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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