Adani’s solar equipment mfg facility may commence by yr-end

Mumbai, Aug 30 (PTI) Gautam Adani-led Adani Enterprises isexpecting to commission the first phase of its solar powerequipment facility being set up in Gujarat by year-end, asenior company official said. "The first phase of the project in which we aremanufacturing solar modules and solar photo-voltaic cells isexpected to get commissioned by the end of 2016," thecompany’s Chief Executive, Solar Manufacturing, Samir Voratold reporters here today. In the first phase, the company, which has set up aspecial purpose vehicle (SPV) Mundra Solar PV for the project,is setting up 1,200 MW of manufacturing capacity and willinvest Rs 2,000 crore. "Our plan is to set up the country’s largest verticallyintegrated manufacturing facility to support solar powerecosystem of India and create an end-to-end solar power playfrom manufacturing to generation," he said. In the second phase, Vora said, the company will not onlyenhance the capacity to 2,000 MW but also manufacture othercomponents like silicon wafers, PV back sheets among others. The second phase of the project is likely to gooperational in the second quarter (April-June) of 2017. "This facility will vertically integrate all aspects ofsolar panel production on site, including polysiliconrefining, ingots, wafers, cells, PV back sheets and panelsproduction, with a broader ecosystem involving extended supplychain for raw materials and consumables," he said. Vora further said over a period, the company may alsoconsider exporting the products to markets like the USA andEurope. "There is a good demand for these products in the domesticas well as international markets. Once we have sufficientcapacities, we will consider exporting them to markets likethe USA and Europe," he added. At present, the company has a constructed solar powergeneration capacity of 648 MW in Tamil Nadu and plans toincrease it to 10000 MW by 2022. PTI PSK NRBABIRDS