TBEA plans $100 million expansion of Vadodara plant

VADODARA: Chinese equipment major TBEA Energy (India) Private Ltd will invest US $100 million for expanding its Vadodara facility.
The second phase of the expansion will be completed by end of 2015, TBEA Energy chairman Zhang Xin said here on Friday. The company has already invested $200 million at this facility.
"We will be investing in the renewable energy equipments in the second phase.The company currently employs 500 people and in the second phase 500 more jobs will be created. After the completion of second phase, we will start work on the third phase," Xin said.
Chief minister, Anandiben Patel will inaugurate the transformer manufacturing base of TBEA at Karjan on Saturday in presence of Ambassador of China, Wei Wei and commercial counselor Wang Hejun.
The plant currently has manufacturing capacity of 20 million KVA per year. "The Vadodara plant will also begin exporting to the south Asian markets by the end of this year. We are in process of discussing the export plans," Xin told TOI. The Chinese major said that it is also willing to invest in other parts of India but it depends on economic growth of the country.
"As per the requirements of Indian economic & social development, we will gradually bring in wind-solar complementary power station integration technology, solar energy core components manufacturing technology, wire & cable manufacturing technology, power electronics integration technology, as the final phase investment of this project," the chairman said.