Chinese firm to set up solar factory

via Chinese firm to set up solar factory | The Herald December 1, 2015

Tinashe Makichi Business Reporter
ZTE Corporation of China has plans to set up a solar equipment manufacturing plant after sealing a multi-million dollar solar energy deal with the Zimbabwe Power Company last month.

The Chinese company inked the country’s first major national solar project with ZPC and Intratrek Zimbabwe for the construction of a 100 megawatt Gwanda power plant in a $146 million deal.

In an interview last week, ZTE corporate account manager Ms Tariro Lee said the setting up a solar manufacturing factory is high on the agenda as the company aims to consolidate its market presence in Zimbabwe.

“ZTE has immense experience in solar projects as we have managed to do many notable jobs across the world. We have the ability to deliver in solar projects, not only on implementation but also on the manufacturing side. We are confident that we will complete the construction of the 100MW solar plant and then a factory will follow.

“We have already recorded success in setting up a solar equipment factory in the Democratic Republic of Congo and each year they make solar panels and supply them to the market. However, it is our willingness to transfer technology to Zimbabwe,” said Ms Lee.

She said the Zimbabwean market has been of the opinion that ZTE Corporation is only a

telecommunications equipment supplier but the company has other operations which involves solar power generation and manufacturing.

Ms Lee said the solar manufacturing plant will provide export opportunities to countries like Tanzania, Zambia and Mozambique who have already started venturing into solar energy development.

On the Gwanda solar plant, Ms Lee said the project is on course and will be completed within 18 months.

“The project value excluding all taxes and duties is $146 million and the implementation dates as per plan is 547 calendar days (that’s within 18 months).This comprises all duties and other statutory payments,” she said.

According to the deal, ZTE and Intratrek will build the 100MW solar power plant, as part of ZPCs initiatives to resolve the country’s power deficit by tapping into solar energy.

Apart from solar operations, Ms Lee said ZTE has the most complete telecommunications product line in the world, covering every vertical sector of wireless networks, core networks, access and bearer networks, services and terminals markets.

She said with its independent and creative research and development capability ZTE is capable of developing market leading technologies in wireless, switching, access, optical transmission, data, handsets and telecommunications software.

COMMENTS

WORDPRESS: 2
  • comment-avatar
    C Frizell 7 years ago

    Ah, so they managed to con them in the end. What a pity. I can see no good coming of this

  • comment-avatar

    IS THERE NEVER A STORY THAT STARTS WITH “CHINESE FIRM HAS SENT UP” NOT “WILL BE SETTING UP” // I DON’T BELIEVE A WORD // HERALD THE BLAH BLAH BLAH PAPER//