Monday, February 14, 2011

Lanco Group to invest Rs.3,000 cr in solar photovoltaic unit‎

To set up 250 MW solar photovoltaic unit in Chhattisgarh.

Lanco Infratech’s (Lagadapati Rajagopal, Chairman) Singapore based subsidiary Lanco Solar Holdings has unveiled its solar plans. It is implementing a fully integrated business strategy as a developer of Solar Farms, EPC contractor and also integrated manufacturer of solar PV modules.Lanco Solar is present in both solar PV and Solar thermal technologies. Under various policies of both state and central governments, Lanco Solar has already signed power purchase agreements to the extent of 140 MW and aims to develop 200 to 300 MW of solar power over the next 2 years. Lanco Solar also offers turnkey engineering, procurement and construction services to other solar power developers and are looking to build 300 to 500 MW of solar thermal and solar PV plants over the next couple of years. Lanco Solar has also secured contracts for establishing solar power generation projects to be built on Parliament house and Science City in Punjab.

Lanco Solar has established a global presence across United Kingdom, Germany, France, Italy, Spain, USA and Canada. Lanco Solar is developing solar power plants and 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 project in Rajnandgaon district of Chhattisgarh. The SEZ project is being developed in phases and will have integrated facilities for manufacture of Polysilicon , Ingots, wafers, PV Cells and PV modules with capacities of 250 MW/year equivalent. First phase of the project with an investment of Rs.13.7 billion, consisting of Polysilicon, Ingots and Wafers, will be fully operational by year 2012. The state of the art project is the first such integrated solar photovoltaic facility coming up in India, putting the country and the State of Chhattisgarh in the global map of polysilicon production bases.

The high technology processes involved in the project are similar to that of semiconductor industry 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.

The SEZ project would provide major boost to the local employment creation and small and medium scale ancillary industries in and around the area. It will create direct and indirect employment for 8,000 people. The project will enhance local entrepreneurship in many fields such as aluminum frame manufacturing, chemical process industries, electrical and electronic industries and construction industry. Small and Medium enterprises such as cutting tools, graphite machining, glass manufacturing, quartz crucible production, panel and switchgear repairing, PLC and robotics cum automation servicing, pallets and plastic packaging industry and ash bricks for servicing and maintenance would additionally provide job opportunities for a large number of people in and around the area.

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 for development of a 5MW solar PV project and a 100MWsolar 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 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.
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