Centrotherm, Idea Sign $1.1 Billion Plant Accord, Riyadh Says

Centrotherm Photovoltaics AG signed an agreement with Idea Polysilicon Co. to provide engineering design and technology for a plant in Yanbu Industrial City, al- Riyadh reported.

The facility, to cost 4 billion riyals ($1.1 billion), will produce polysilicon and wafers for solar plants, the newspaper said.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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