Powerway, a solar component manufacturer, is gearing up to take occupation at its new facility in the Coega industrial development zone (IDZ) in May – and aims to create jobs for about 2 000 people over the next three years.
Powerway PV SA and JA Solar Holdings recently formed a joined venture to establish a PV module assembly plant in Port Elizabeth with an initial nameplate capacity of 150MW. Benson Wu, Powerway chief executive, said the Coega IDZ location was an investment hotspot and the first phase of the investment was valued at R300-million with a further three phases planned for the coming years totalling a R1.2-billion.
“When considering our investment we have taken a long term view, informed by a commitment to local community. South Africa has the best irradiation resources in the world and it makes sense for us to place our manufacture operations here – the market here is the best in long term.”
At the new factory more than 250 people will be employed and Powerway will increase job opportunities for about 2 000 people over the next three years.
“The IDZ delivers good investment infrastructure. The Port (of Ngqura) exports and imports goods speedily and there is also a good logistics hub we can tap into,” Wu said of the rationale behind the investment.
Wu added that Coega’s human resource recruitment and management support and the proximity were additional factors informing their decision to locate in the Coega IDZ. “Coega is also close
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