NeST signs MoU to set up silicon panel unit in Kochi

Thiruvananthapuram: The Kochi-based NeST Group has signed a memorandum of understanding with EPV Solar of the US for setting up a facility in Kochi for manufacturing silicon panels.

Estimated to cost Rs 4,000 crore and planned to be completed in four phases, the proposed manufacturing unit will come up at the electronic hardware park being established by NeST Hi-Tek Park Private Ltd in association with the Kerala Industrial Infrastructure Development Corporation (Kinfra).

The facility, when completed in four years, will have an annual capacity of 420 megawatts, providing direct employment to 4,000 people and indirect employment to many more, according to the Managing Director of NeST Group, Mr N. Jehangir.

EPV Solar is a manufacturer of amorphous silicon thin-film photovoltaic modules headquartered in New Jersey, USA.

The facility in Kochi will utilise EPV Solar’s proprietary manufacturing technology and its internally designed production equipment.