CETC Solar Energy: China's CETC to invest $50 million in Andhra Pradesh solar unit

CETC Renewable Energy Technology Corporation (CETC), an ancillary of China Electronics Technology Group, has signed a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to set up a solar manufacturing plant in Chittoor district of Andhra Pradesh at an investment of $50 million.