CETC signs solar manufacturing deal with APEDB

China-based CETC Renewable Energy Technology Company has signed an MoU with the Andhra Pradesh Economic Development Board to set up a solar PV cell manufacturing plant in the state. The manufacturing unit will be set across 18 acres of land in Sri City and entail a cost of $50 million. Through this collaboration, 1,500 job opportunities are likely to be created in the state and after the project completion, the Andhra Pradesh government anticipates a tax revenue of $8 million each year once the project is complete.

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