German co to set up solar chip unit in Haldia

Written by Economy Bureau | Kolkata, Apr 29 | Updated: Apr 30 2008, 06:55am hrs
Centrotherm Photovoltaics AG of Germany will set up a solar chip manufacturing unit in Haldia at an investment of Rs 4,000 crore in a venture that will also include Srei, Environ Energy Deck Services and US-based Perseus. The plant will also manufacture computer chips.

Nirupam Sen, Bengal commerce & industries minister, said: "Centrotherm Photovoltaics is providing technical expertise to Bhaskar Silicon's PV plant in Haldia, and is also a partner in the project." The

German company is likely to pick up 10-15% stake in the venture.

While Centrotherm will provide technical expertise, Srei, Environ Energy and Perseus will have equity stake in the project.

"Srei and Environ Energy together will have 50% stake in the project," said Sabyasachi Sen, state commerce & industries secretary.

"Initially, they were planning to set up a solar cell chip producing factory. We have asked them to upgrade it to computer quality chips," he said.

The state government has already allotted 200 acres for the 800-acre project. "The plant will be able to process 5,000 tonne polysilicon per year," Nirupam said. The project will also include a 100mw captive plant.

The Bayern Oil Refinery of Ingolstadt in Germany has planned to set up a Cals Refinery in Haldia.

"They will set up a refinery with an installed capacity of 5 million tonne on 500 acres. They also have plans to increase the capacity gradually," Sen said.

The state government is looking into the possibility of inviting the equipment manufacturing companies of BMW in the proposed automobile component park.