09:53 | 06/12/2016 Economy
Work on a solar energy panel project started in the Quang Chau industrial park in Viet Yen district, northern Bac Giang province, according to the Kinh Bac City Development Company (KBC).
|At the groundbreaking ceremony (Source: VNA)|
The project invested by the JA Solar Vietnam Company has an initial investment of 320 million USD and is expected to generate 500 million USD in revenue per year upon its completion.
In July this year, a contract in principle on land leasing was signed between the Sai Gon – Bac Giang Industrial Park JSC, a member of the KBC and an investor of the Quang Chau IP, and the JA Solar Hong Kong Investment – a subordinate of JA Solar Group.
Under the contract, JA Solar will hire 88 hectares of land at the Quang Chau IP to develop the solar energy panel project with a total capital of over one billion USD.
The JA Solar project is the one of the biggest investment projects in the industrial park to date and provides jobs for over 3,000 labourers.
JA Solar Group is one of the world’s leading solar power panels using green advanced technology. It has eight factories producing solar power products in Europe, the US and Japan.
Theo Source: VNA