Saturday, December 27, 2014: After the Indian government has made it compulsory for the companies to use domestically manufactured solar power equipment, more firms are now planning to invest in this sector. Rolta Power has extended its partnership with a Chinese technology provider to develop a solar cell manufacturing facility here, with an initial investment of Rs 1000 million. The decided capacity at the beginning stage will be 60MW.
The company is already in to the manufacturing of solar photovoltaic modules and now it is planing to widen its operations to become self-reliant with the solar cell production facility. The company is presently in conversation with two Chinese companies to partner with it on technology front.
Under the frame set for the partnership, Rolta Power will retain 51 per cent share of the joint venture. The deal might benefit the Chinese partner as well, if it will be able to export the India-made modules to other solar markets which levies anti-dumping duty up on the Chinese solar equipment. The company has also planned to increase its module manufacturing capacity to 300 MW within the next two years.
It is further also planning to offer engineering, procurement, and construction services to project developers across all the project sizes. Under the ‘Make in India’ move, the government plans to promote domestic manufacturing in India by making it mandate for the companies to use India made modules and cells in the ultra mega solar power projects.
