SHANGHAI, Jul. 15 (SMM) – Narada Power will complete the first phase construction of new energy project in July 2016, gov.cn reported.

Total investment is 1.6 billion yuan ($ 261.088 million) for the project that represents 10 million kVAh per year in capacity. Up to now, over 90 million yuan has been used. The project covering an area of 304,000 m³ is divided into two phases and the second phase is expected to be completed in 2018.

Completely sealed and maintenance-free lead-acid batteries with capacity more than 2V200AH and 12V26AH, the project’s production, will be used in electronic information industry, smart grid, new energy vehicles, communication, UPS, energy store, etc.

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