The US-based First Solar Group will invest over US $1 billion in building a solar cell plant in Southeast Industrial Park in Ho Chi Minh (HCM) City.
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HCM City Party Committee Secretary Le Thanh Hai (R) handed over the investment certificate to a leader of the First Solar Group
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The municipal authority on January 21 gave the investment certificate to the First Solar Group, the world’s biggest thin-film solar cell maker.
According to Mr. Tymen DeJong, the group’s Vice Chairman in charge of global production, the project’s first phase will be kicked off on January 24 with a total investment of US $300 million.
The plant’s capacity will be increased to four times in the next phase, and its total construction is expected to be finished by mid-2012, he added.
The plant will produce thin-film solar cell panels, which is considered very significance to HCM City , where the demand for energy, especially electric power is great and decisive to the city’s development./.