JA So­lar, Es­sel In­frapro­jects ink MOU

Power Watch India - - DESPATCHES FINANCE -

JA So­lar Hold­ings Co Ltd re­port­edly signed a MOU with its In­dian busi­ness part­ner, Es­sel In­frapro­jects Lim­ited (EIL), to es­tab­lish a so­lar cell and mod­ule man­u­fac­tur­ing fa­cil­ity joint ven­ture (JV). The MOU de­clares a 500 MW pro­duc­tion ca­pac­ity for the JV and out­lines the du­ties of each party. The agree­ment was reached at the In­dia-China Busi­ness Fo­rum held in Shang­hai where PM Naren­dra Modi, Chi­nese na­tional lead­ers, and com­mer­cial and in­dus­trial rep­re­sen­ta­tives of both coun­tries were in at­ten­dance, in­clud­ing JA So­lar and its part­ner, EIL. Co­op­er­a­tion op­por­tu­ni­ties in the PV in­dus­try were a spe­cial fo­cus at the fo­rum, as the lead­ers agreed that the es­tab­lish­ment of a PV park should be a pri­or­ity on the agenda.

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