KSK Surya Photovoltaic Venture Pvt. Ltd. (KSK), a subsidiary of KSK Power Venture PLC, an independent power provider in India, has signed a contract with Applied Materials Inc. to purchase two Applied SunFab Thin Film Lines for manufacturing 5.7 square-meter solar panels.
The SunFab lines will be installed in a state-of-the-art facility, including an R&D center, which KSK plans to build in the Fab City located in Hyderabad, India, at a total project cost (including land and buildings) of approximately $500 million.
When completed, the annual capacity of KSK's facility is expected to be about 150 MW, making it the largest solar photovoltaic factory in India, according to the company.
SOURCE: KSK Surya Photovoltaic Venture