New Delhi, May 18 -- New Delhi: Norfund-backed clean energy firm SAEL Ltd plans to establish a solar cell manufacturing plant in Uttar Pradesh at a projected investment of Rs.5,000 crore.

headquartered IPO-bound company is looking to set up an integrated solar cell and module manufacturing facility with a capacity to produce 5 gigawatt (GW) of solar cells annually, chief executive Laxit Awla told Mint in an interview.

"We are about to begin implementation of the cell manufacturing project in the next few months. It (solar cell manufacturing capacity) will be 5 GW approximately. We have module manufacturing in Rajasthan. This will be in UP, Greater Noida. So approximate investment should be around Rs.5,000 crore," Awla said.

The Union g...