Japan Solartech to make panels, batteries in Ctg
Star Business Report
Japan Solartech (Bangladesh) Ltd will start manufacturing solar panels and batteries in Bangladesh in December, eyeing the local market and exports to foreign countries.
The company is a joint venture between UING Corporation, a unit of Japan’s U-TEC Group, and Trade Service International, a trading company and distributor of TOTAL Lubricants in Bangladesh. U-TEC is a manufacturer of solar products and energy-efficient home appliances.
Japan Solartech has selected Chittagong as the production centre.
“Japan Solartech will be a hub for manufacturing solar products and energy-efficient home appliances in this region,” said Masayuki Uchiyama, chairman of U-TEC Group.
Uchiyama spoke at a seminar, “Total solar solutions: A road to sustainable energy” organised by Japan Solartech at Dhaka Hotel Sheraton on Monday.
“We will sell the products not only in Bangladesh; we will expand our sales to countries around Bangladesh very soon and gradually move to the developed countries.”
Speaking as the chief guest, Industries Minister Dilip Barua welcomed the U-TEC Group for investing in the solar systems sector in Bangladesh.
The minister said the venture would help transfer the state-of-the-art technology to Bangladesh, and its solar solutions would not only generate power but also ensure long-term efficient storage of it.
“The solutions will not only help mitigate the existing power problems but also ease government’s efforts to further improve education, information and communication technology and health infrastructures,” said Barua.
Hospitals, clinics, and education institutions can be run through solar-powered appliances to make those services available to a wider population, he added.
The company has recently installed its first hybrid (5KW) solar system at the Gulshan branch office of EXIM Bank.
U-TEC is producing over 8 million solar modules equivalent to around 200MW every year in its factories operating in Japan and China with an annual turnover of $1.7 billion.
Rafiqul Islam, deputy managing director of Japan Solartech, made a presentation on Solar Solution: A road to sustainable energy, and Mike Kataoka, director of SANYO Asia Pte Ltd, made presentation on Solar Evolution: Introduction of high efficiency modules in the seminar.
Abul Kalam Azad, secretary for the ministry of energy, power and mineral resources and Takanori Uehara, chargé d’ affaires of Japan embassy to Bangladesh, also spoke.