A KOREAN company is investing $10million in Fiji to set up a solar manufacturing and retail outlets around the country by December.
Nekelson Electrical Engineering and Iian Tech Company Limited in Korea signed a long-term agreement which would generate employment for a lot of Fijians soon.
Based in Seoungnam City in the vicinity of Seoul, Iian Tech has a strong network of agents and distributors throughout Korea and was a complete solution provider for alternative energy.
Although specialising in solar systems applications, the company has the knowledge and capability to provide other forms of alternative energy including wind energy and solar thermal systems.
Nekelson Electrical Engineering, being the first Fijian company to join agreement with the manufacturing company, would source its solar products for the first two years.
A company director, Atu Ravatu, told this newspaper they were planning to manufacture solar products in Fiji.
“We are looking to start manufacturing solar products made in Fiji or maybe in the coming year to assemble our products and label it as Fijian-made products,” Mr Ravatu said.
He said this would be their solar branch with the assistance of his partner and owner of Finestone International Limited at Walu Bay, Tong Jin Su.
Mr Ravatu said they would make the solar products accessible to all Fijians especially to make it affordable to people in the villages. The first shipment, which came in yesterday, was the renowned Apollo Solar products.
The company was also planning to house a property which would cost them $1.1m at Karsanji Rd in Vatuwaqa. For Iian Tech, they have also been working on registering the company with Investment Fiji through Mr Tong Jin Su. Nekelson group chairman Ledua Salakabu said this type of solar was fit and 98 per cent efficient, adding it was best suited for Fiji’s environment.