Question-and-Answer Session
Operator
(Operator Instructions) Your first question is from the line of Sanjay Shrestha of Lazard Capital.
Sanjay Shrestha - Lazard Capital
Thank you. Good evening, guys. A couple of quick questions -- I am just trying to understand this global solar fund and the revenue allocated to them and the receivables outstanding, so I just kind of want to get the sense that it’s not going to translate into you guys having to postpone -- basically in Q1, things are somewhat over-inflated and it’s going to end up impacting Q2. Can you help us understand when the shipment occurred and when do you actually expect the projects to be installed and when do you expect the receivables to turn into cash?
Dr. Zhengrong Shi
Regarding the shipment to GSF, most shipments occurred in March and the contract term is exactly the same, or even better than the third party contract we filed with other customers. And we expect the first project to be completed in the October/November timeline.
Sanjay Shrestha - Lazard Capital
Okay, and in terms of the collection on the cash, when do you expect that to be -- is that --
Dr. Zhengrong Shi
We believe we will start to get some -- start to collect the payment in the second quarter.
Sanjay Shrestha - Lazard Capital
Okay, and another quick follow-up then -- so in terms of -- two things, if I may -- so this 240-megawatts of projects, how should we think about that through GSF and the impact on your working capital? And second, Dr. Shi, it’s really impressive you were talking about a non-silicon cost getting to $0.50 to $0.55 but I was wondering if you can sort of give us some more detail as to what would make that up and what’s the [process] behind getting to those numbers -- efficiency, throughput yield, cost of glass, all that sort of stuff -- if you can give us some more detail there.
Dr. Zhengrong Shi
I think with 240-megawatts projects through GSF, I think that’s already done. There’s not any additional capital required from us. And regarding that cost down, as I said earlier, that’s because I think mainly three drivers, firstly is our power because -- you know, the scale and we have a much better by power to negotiate the price for non-silicon material. Secondly is our operation efficiency where [inaudible] lean manufacturing and so on, so this -- because in the past, we were too busy so we didn’t have much time to really --
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