to-the-point: Chinese firm plans to make solar panels in Sri Lanka - report

Chinese company J J Construction intends to build a USD-60-million (EUR 55.5m) factory to produce solar panels in Sri Lanka, chairman J J Lee told Daily News Business.

Lee’s joint venture partner Sunil Silva, who is the chairman of White Heaven Hotel Panadura, has already identified a 25-acre (10.1 ha) site for the project and they hope to obtain clearance from the Board of Investment of Sri Lanka soon, he told the newspaper.

The new facility would employ more than 100 Sri Lankans that are to be supervised by Chinese engineers, Lee has added. According to the report, solar panel production could start from mid-2017.

(USD 1.0 = EUR 0.925)

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