Premier Energies to unveil new facility at E-City Hyderabad
Hyderabad-based solar PV cells and module manufacturing company Premier Energies is set to launch its new state-of-the-art facility at E-City Hyderabad.
“Built with an investment of Rs. 483 crore, the new venture will elevate the company amongst the top 5 solar manufacturing players in India,” the company said. It adds, “The formal inauguration of this new plant by Minister of Municipal Administration and Urban Development of Telangana, K T Rama Rao is scheduled for 29th July.”
The new manufacturing unit, a greenfield project with a capacity of 750 MW solar cell and 750 MW solar module, will produce MCCE textured multi-crystalline cells and modules, Mono PERC cells and modules as well as 19.2% efficiency polycrystalline cells and modules. The plant has been designed to produce latest generation products by incorporating Monocrystalline PERC technology. This technology will usher change by increasing the wafer size to 182 mm and 210 mm.
Speaking on the significant launch, Surender Pal Singh, Founder and Chairman, Premier Energies said, “It has been our vision to set up a business that would contribute to the environment for the larger good of the society. This new world-class facility takes us a step closer to this vision. While contributing to a greener tomorrow with eco-friendly products, the plant is a significant milestone in the evolution of solar technology and will help us lead the change in the power sector in India by helping the industry switch to cleaner renewable power sources.”
Chiranjeev Saluja, Founder and Managing Director, Premier Energies said, “This new facility, is a symbol of our strong commitment to the Indian power sector, and a shining example of the success of the Government’s ‘Make in India’ initiative. With 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. With this launch, we have further strengthened our product portfolio which caters to a wide range of customers.”