companies Swicorp-Joussour (Swicorp) and Chemical Development Company
(CDC) to build and operate a new polysilicon plant with an initial
capacity equivalent to 500MW per year. The plant will be established in
the industrial city of Jubail in Saudi Arabia.
Commercial production is planned to commence in 2010.
The site will allow for subsequent expansions up to an annual
production capacity equivalent to 2000MW.
NorSun will initially
own 50 percent of the shareholding in the company, while Swicorp and
CDC will have a 25 percent stake each.