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GCL Poly looks to reduce costs through cogeneration

The price of polysilicon could be set to fall further after the opening of Chinese green energy supplier GCL Poly’s cogeneration plant.

The polysilicon and wafer maker, the largest supplier of polysilicon in China, announced it expects the price of its product to fall further with opening of the combined heat and captive power plant. Polysilicon is used as a raw material by the solar photovoltaic and electronics industry.
A statement to the Hong Kong Stock Exchange announced GCL Poly subsidiary Jiangsu Zhongneng Polysilicon Technology Development on Monday started operations at the 350 MW plant, which will provide electricity and steam for the manufacture of polysilicon.

GCL Poly chairman Zhu Gongshan, said, “As electricity and steam constitute a significant cost component to produce polysilicon, the board expects, with the commencement of the operation of the captive power plant, the production costs of polysilicon will further be
driven down.”