Azerbaijan, Baku, Sept. 5 / Trend E.Ismayilov /
Construction of a new plant for producing solar batteries in Sumgait will be completed by late 2011, the Deputy Head of the Azerbaijani State Agency for Alternative and Renewable Energy under the Ministry of Energy and Industry Jamil Melikov said.
Melikov said that construction work and equipment installation at the new enterprise are underway. The plant may launch productions by late 2011.
The plant will be engaged in the production of solar panels and energy-efficient LED-lamps.
The plant's construction is financed by the private sector and performed by Azguntex. It is supported by the Alternative Energy Sources Agency.
Equipment installed at the factory is produced in Germany. The prices are equal to the cost of products offered by Chinese producers.
The annual production capacity will exceed 100,000 units of photovoltaic modules, with a total capacity of 25 MW, as well as about 1 million units of various energy-saving lamps.