Mar 5 2011
Polysilicon Technology, based in Saudi Arabia, announced that it has entered into an engineering, procurement, and construction (EPC) deal worth $380 million to construct a polysilicon solar cell production plant in Jubail, Saudi Arabia. Polysilicon Technology is a joint venture between KCC, a Korea-based company, and Mutajadedah Energy, a Saudi-based utility company.
Polysilicon Technology has inked the contract with KCC Engineering and Construction, an associate of KCC Corporation, and Hyundai Engineering. The polysilicon solar cell plant is anticipated to be operational by Q1 of 2014. The preliminary manufacturing capacity of the plant will be 3,350 tons of solar grade polysilicon per year.
Polysilicon Technology plans to increase the annual production capacity of the solar cell facility to 12,000 tons in three phases with a total investment of between $1.2 and $1.5 billion by 2017. The plant will have the facilities to produce wafers and ingots in which polysilicon is used in the solar cell production.