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Premier Solar has set up a 200 MW automated solar module manufacturing facility in Sangareddy district of Telangana.
The company, a fully integrated solar solution provider with manufacturing facilities for solar cells and modules, system integration as a solar EPC provider and Independent Power Generation, has also forayed into value-added innovative solar products, including solar hybrid vehicles.
Premier is also planning to expand the cell manufacturing line and build a 1 GW solar cell plant, and expects to commission the first phase of 250 MW by September 2018 through an international joint venture at an outlay of Rs 1,200 crore.
Surender Pal Singh, Chairman, said K T Rama Rao, Minister of IT, Telangana, will formally inaugurate the fully automatic 200 MW module manufacturing plant and Harish Rao, Minister of Irrigation, will launch solar powered e-vehicles on July 29 at Annaram village in Sangareddy district.
With this expansion, the cumulative manufacturing capacity of Premier Solar goes up to 375 MW for modules and 50 MW for solar cell. This expansion propels Premier Solar to amongst the five leading manufacturers in the country.
This facility has created jobs for over 500 people, both direct and indirect.
"This expansion will give an impetus to our growth and we see Premier Solar emerging as a key player in this sunrise industry. The ambitious target of 100 GW by 2022, set by the government, provides a tremendous opportunity for us," Surender Pal Singh said.
Premier Solar is also leveraging its expertise in the domain of solar energy by launching eco-friendly solar-powered hybrid e-vehicles. These vehicles will be in the form of solar e-rickshaws, solar cycle rickshaws, solar e-bikes and solar bicycles.
The company will initially market its brand of e-vehicles in Telangana and Andhra Pradesh and plans to expand its reach nationally in due course.
The Solar Cycle Rickshaw developed by Premier Solar is designed to be commercially viable, with low maintenance and can run 25-30 km on a clear sunny day without any conventional charging for batteries.
It is light weight with proven crystalline technology, alternatively pedal assisted with optional electrical charging.
The company, which has over 22 years of experience, is currently building a 20 MW canal bank and canal top project in Uttarakhand.
Premier has a project pipeline of over 100 MW in power plants and rooftop solar.
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