The proposal was tabled during a recent meeting between TSM CEO, Gosse Boxhoorn and Cetinje Mayor, Aleksandar Bogdanovic in Cetinje.
If the plans are approved, the plant will produce an initial 25 MW of photovoltaic modules annually, and employ 55 workers. In a second stage, capacity would be increased to 50 MW and the workforce to 90. The new plant could start operations as early as 2013, added Boxhoorn.
TSM is said to be considering locating the new production plant in Cetinje, due to the favorable terms offered to investors from local and state authorities. Specifically, it is expected to be sited at Cetinje's future MACCOC brownfield zone, which is being created to attract new high-tech projects.
The government of Montenegro will sign a contract for the development of a master plan for the new MACCOC multi-purpose center with world-renowned Dutch architect Rem Koolhaas and head of the New York office of the Office for Metropolitan Architecture, Shohei Shigematsu today, October 1.
TSM was set up with the aim of producing high purity polysilicon for photovoltaic applications on the Chemelot Industrial Estate in Sittard-Geleen, but the company recently indicated that the changed global economic situation in general, and Europe specifically, requires a review of equity and financing requirements.
As such, the company is currently looking at Antwerp, Belgium as an alternative location. It declined to respond to questions concerning its possible photovoltaic module manufacturing plant venture.
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