Algeria's Condor asserts PV company is totally functional

Feb 14, 2020 03:14 PM ET
  • The Algerian electronic devices supplier claimed its solar service device has actually not applied for bankruptcy, specifying that it remains to run as 'regular'. The business likewise claimed that it is currently servicing 2 solar projects with an incorporated ability of 100 MW.
Algeria's Condor asserts PV company is totally functional

Algerian electronic devices maker Condor claimed that its PV organisation device has actually not applied for bankruptcy as well as urged that the team's current team cuts, as reported by Algerian media electrical outlets, have actually not influenced its solar procedures.

" The photovoltaic organisation system remains to run under typical problems," the business claimed in a declaration to pv magazine. "As evidence of this, Condor Photovoltaïques is preparing future projects that are extremely encouraging in the renewable resource industry."

The firm claimed that it protected the legal rights to develop a 50 MW solar project in a tender that was settled in October, as part of a consortium that consisted of Algerian firm El Sewedy. "Another project for the supply of devices for the manufacturing of 50 MW for SKTM, subsidiary of Algerian gas supplier Sonelgaz, is additionally underway," the firm specified. Condor additionally stated it has actually executed numerous technical renovations at its 130 MW manufacturing facility, consisting of the fostering of PERC modern technology as well as a change towards four-busbar cells.

Nevertheless, the team has actually rejected to straight reply to cases by Tunisian and also Algerian media electrical outlets suggesting that it is currently in bankruptcy procedures with the Algerian authorities. It has actually additionally rejected to offer clearness on exactly how Condor Photovoltaïques is connected to its wider company framework.

Previously today, pv magazine reported that practically 40% of the team's 1,000 employees had actually been released from the business. At the time, Condor did not react to demands to validate the precision of the bankruptcy record.

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