•  
  •  
  •  

to-the-point: Chinese firm plans to make solar panels in Sri Lanka - report

Solar panels. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

Feb 2 (Renewables Now) - Chinese company J J Construction intends to build a USD-60-million (EUR 55.5m) factory to produce solar panels in Sri Lanka, chairman J J Lee told Daily News Business.

Lee’s joint venture partner Sunil Silva, who is the chairman of White Heaven Hotel Panadura, has already identified a 25-acre (10.1 ha) site for the project and they hope to obtain clearance from the Board of Investment of Sri Lanka soon, he told the newspaper.

The new facility would employ more than 100 Sri Lankans that are to be supervised by Chinese engineers, Lee has added. According to the report, solar panel production could start from mid-2017.

(USD 1.0 = EUR 0.925)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription