250 MW Solar PV plant at Rajnandgaon in Chhattisgarh
LANCO has proven expertise in power generation from conventional and non-conventional sources of energy including gas, coal, biomass, hydro and wind. Lanco has operational and under execution projects amounting to over 11000MW.
Lanco Solar has established a global presence across United Kingdom, Germany, France, Italy, Spain, USA & Canada. Lanco Solar is developing Solar Power Plants & providing turnkey EPC services in these countries. The first few projects in Europe are expected to be commissioned by April 2011. As part of its integrated business strategy, Lanco is setting up India's first integrated Solar PV manufacturing Special Economic Zone (SEZ) project in Rajnandgaon district of Chhatisgarh..
As part of its integrated business strategy, Lanco is setting up India's first integrated Solar PV manufacturing Special Economic Zone (SEZ) project in Rajnandgaon district of Chhatisgarh..
The Lanco Group ‘s Chairman L Madhusudha Rao said that Lanco infratech will set up in two phases a solar pv manufacturing unit with annual capacity of 250 MW at a cost of Rs 3000 crore.
The produce is meant for domestic market as well as for exports to Europe and USA.
The facility is being designed to produce polysilicon of very high purity (micro-electronic grade) and will be set up using technology from Germany and USA.
It aims to meet 15% of the local demand for solar energy equipment, the company's Chairman L Madhusudha Rao said.
The project would provide the critical backward integration for the solar projects undertaken by the company.
Lanco has signed power purchase agreements with NTPC Vidyut Vyapar Nigam Limited (NVVN) for development of a 5MW solar PV project and a 100MW solar Thermal project in the state of Rajasthan under the first phase of the National Solar Mission. In addition, it has signed up with Gujarat Urja Vikas Nigam Ltd (GUVNL) for development of a 35 MW Solar PV project in the state of Gujarat. The company has already commissioned a 5 MW solar PV project in Gujarat using its in-house EPC capabilities, while another 5 MW is under development.
The project, being funded with a 75:25 debt-equity ratio, involves an initial investment of 1,370 crore in the first phase that is expected to be completed in 15 months. The manufacturing unit shall be fully commissioned by 2014.