IDEA International Polysilicon Company (IPC, Khobar, Saudi Arabia) has appointed Al Rajhi Capital (Riyadh, Saudi Arabia) as financial advisor for its project to produce polysilicon, ingots and silicon wafers for the solar photovoltaic (PV) industry in Saudi Arabia.

Al Rajhi Capital will study financing alternatives and apply the chosen strategic financing plan as well as negotiating a financing agreement for the facility, which will be located in Yabu Industrial City in Saudi Arabia's Western region.

Plant to become the largest polysilicon facility in the Middle East

The plant will be the largest high-purity polysilicon production facility in the Middle East when complete, with a capacity to produce 10,000 tons annually. Eventually, IPC intends to expand into the production of solar photovoltaic (PV) cells and modules.

In November 2012, IPC announced that it had chosen Technip Engineering and Construction Ltd. (Paris, France) to provide project management and engineering services for the facility.

2013-01-21 | Courtesy: IDEA Polysilicon | solarserver.com © Heindl Server GmbH

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