Shanghai (Antara Bali) -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has signed a Memorandum of Understanding (the "MOU") with its Indian business partner, Essel Infraprojects Limited ("EIL"), to establish a solar cell and module manufacturing facility joint venture ("JV"). The MOU declares a 500MW production capacity for the JV and outlines the duties of each party.
The agreement was reached on May 16th at the India-China Business Forum held in Shanghai, where Indian Prime Minister Narendra Modi, Chinese national leaders, and commercial and industrial representatives of both countries were in attendance, including JA Solar and its partner, EIL.
Cooperation opportunities in the photovoltaic industry were a special focus at the Forum, as the leaders agreed that the establishment of a photovoltaic park should be a priority on the agenda. More than twenty different agreements were signed by representatives at the forum, representing up to 22 billion U.S. dollars in total investments. (WDY)
Related News
Indonesia, Singapore Establish Company In Batam, Riau Islands
Thursday, 20 Agustus 2015 7:53
State Companies Establish Joint Venture Bank
Thursday, 31 Januari 2013 15:04
Chinese Investors Asked To Take Part In Long Term Ventures
Tuesday, 20 November 2012 8:24
PLN, Pelindo To Form Joint Venture
Tuesday, 4 September 2012 22:21
BI Bali fasilitasi UMKM gunakan pemasaran digital
Thursday, 26 November 2020 19:55
Indonesia in the Philippines agree to enhance trade and investment
Tuesday, 2 April 2019 20:47
Construction of new Buleleng airport to start in 2020
Monday, 31 Desember 2018 8:03
BPD Bali genjot penyaluran KUR Rp1 triliun
Wednesday, 12 Desember 2018 16:26
Direct flights to attract more Russian Tourists to Indonesia: Ambassador
Monday, 29 Oktober 2018 15:11
Bio Farma expands exports of vaccines to African Markets
Monday, 15 Oktober 2018 20:02
Telkom introduces PalapaONE apps to support Indonesia Pavilion
Thursday, 11 Oktober 2018 12:42
Sarinah sees turnover of hundreds of millions of rupiahs in Indonesia Pavilion
Wednesday, 10 Oktober 2018 15:01