Premier Energies to invest Rs 52.92 billion in Telangana solar manufacturing facilities
Author: PPD Team Date: 10/12/2024
Premier Energies Limited plans to invest Rs 52.92 billion in manufacturing facilities for solar cells, modules, ingots, silicon wafers, and aluminium extrusions in Telangana.
The initiative includes a 4 GW solar photovoltaic (PV) TOPCon cell and 4 GW PV TOPCon module manufacturing plant at Sitarampur, with an investment of Rs 33.42 billion.
Telangana State Industrial Infrastructure Corporation has allocated 75 acres for this project.
Additionally, Premier Energies will invest Rs 17 billion in an ingot and silicon wafer plant and Rs 2.5 billion in an aluminium extrusion facility, with 125 acres already allocated for these projects.