Lanco Infratech to set up 5 MW solar photo-voltaic (PV) unit 100 MW solar thermal project in Rajasthan
Lanco Infratech Ltd has announced that it has received letters of intent from NTPC Vidyut Vyapar Nigam Ltd (NVVN) for setting up a 5 MW solar photo-voltaic (PV) unit and a 100 MW solar thermal project in Rajasthan under phase one of the National Solar Mission.
Part of the diversified Lanco group, the company had earlier set up its first 5 MW solar PV project at Patan in Gujarat, a hub for solar photo voltaic projects. It is currently developing 35 MW of solar PV capacity in Gujarat.
The Director of Business Development, Lanco Solar, Mr Sanjay Verghese, told Business Line that the company will play a role in solar power segment, as a generator, manufacturer of PV modules and turnkey EPC services provider to other solar project developers in the country.
“We expect to sign up for the power purchase agreement by January. Thereafter, we will have six months to achieve financial closure for the 5 MW project. This is likely to be operational by December 2011. However, for the 100 MW solar thermal plant, the company will have time till March 2013 for implementation,” he said.
SOLAR PV MODULE
Lanco is implementing a backward integration project for solar power generation and is establishing a 50 MW production facility for solar PV modules in the Rajnandgaon district of Chhattisgarh. This project is expected to be operational by March 2011, he said.
One of the conditions for solar PV projects is to procure modules within the country. Therefore, the Chhattisgarh module unit will be useful not just for the company's projects but can also be offered to local companies.