3 weeks ago

Premier Energies' Rs 3,000 crore solar cell plant to begin production

Premier Energies' Rs 3,000 crore solar cell plant to begin production
Rs 3,000 crore solar cell plant set to begin production in Naidupeta SEZ · thehansindia.com

A company called Premier Energies is building a big factory in Naidupeta, India.

This factory will make solar cells, which help turn sunlight into electricity.

The factory costs about 3,000 crore rupees to build, which is a huge amount of money.

It will be one of the biggest solar cell plants in the area, with a capacity of 7 gigawatts.

The factory is almost ready, and it got its electricity supply on August 5.

Workers are now installing machines, and the company thinks production will start within two months.

Building the factory has already given jobs to about 4,500 people.

Once it opens, the factory will create more than 3,000 new direct jobs.

The company is also building homes for workers in a nearby village called Athivaram.

The district's leader, called the Collector, promised to help build roads, electricity and water for the area, which will bring more jobs and clean energy to the region.

Key facts

Company
Premier Energies Limited
Investment
Around Rs 3,000 crore
Plant capacity
7 GW
Location
Naidupeta Special Economic Zone, Tirupati district
Expected production start
Within two months
Power supply provided
August 5
Jobs during construction
Around 4,500 direct and indirect
Expected direct jobs at operations
More than 3,000

Sources

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