Premier Energies (PEL) has approved and entered into a Joint Venture Agreement (JV Agreement) with Taiwan-based Sino-American Silicon Products Inc (SAS) for investing in Premier Energies GWC (JV Company) for the purpose of manufacturing and selling of solar silicon wafers. As per the JV agreement, PEL will hold 74% of Equity in the proposed JV Co. and the balance 26% will be held by SAS. The proposed JV Co. will carry its operations in India to establish State of the art infrastructure to manufacture world class solar wafers.
Premier Energies manufactures integrated solar cell and solar panel.
