Business & Economy

Lanco Infratech to develop 5 MW solar PV project, 100 MW solar thermal project in Rajasthan

NetIndian News Network

Mumbai, December 20, 2010

Infrastructure firm Lanco Infratech Limited (LITL) today said it had received letters of intent (LoIs) from NTPC Vidyut Vyapar Nigam Limited (NVVN) for the development of a 5 MW solar photovoltaic (PV) project and a 100 MW solar thermal project in Rajasthan under the first phase of the National Solar Mission (NSM).

A press release from LITL, the flagship company of the Lanco Group, said the company had completed its first 5 MW project at Patan in Gujarat. It is one of the largest solar power plants (SPP) in the country and the first in the State, the release said.

The company said it was developing in all 35 MW in Gujarat under the Gujarat State Policy.

"We are very excited with the recent developments in the sector in India and the way our project pipeline is taking shape in solar," Mr. Sai Baba, CEO, Lanco Solar, said.

"Lanco stands at the forefront in solar in India with its completed 5 MW in Gujarat and another 5 MW targeted for commissioning in Gujarat by April, 2010. The recent wins under NSM especially 100 MW in solar thermal, goes well with our strategy to develop 200-300 MW over the next two years across the nation and emerge as a leading developer in the country and globally," he said.

The release said Lanco was also offering turnkey engineering, procurement and construction (EPC) services to other solar power developers and was looking to build 300-500 MW of solar thermal and solar PV plants over the next two to three years.