Thursday, March 24, 2011

Lanco turns biggest private power firm

Lanco Infratech, (Lagadapati Madhusudhana Rao, Chairman) with interests in power generation, construction, infrastructure and property development, said that it has emerged the largest independent power producer in India with an installed capacity of 3,292 mw.

The company has achieved this through synchronising the 600 mw unit of Lanco Anpara Power, a special purpose vehicle implementing the power project of 1,200 mw in two tranches in Uttar Pradesh.

Lanco Infratech now has 5,953 mw of power projects under various stages of construction and 4,470 mw of power projects under development. Anpara is a pithead project with coal-mines 25 km away with an existing system of transportation of coal in railway wagons.

Lanco group executive chairman L Madhusudhan Rao said the synchronisation of Anpara’s 600 mw unit proves the company’s capabilities to execute projects “no matter how hard the challenges are.”

Rao said the company has grown its installed capacity to 3,292 mw from 500 mw in three years. “Going forward this gives us more confidence to achieve an operating capacity of 15,000 mw by 2015, which is in line with our vision,” he said.

Lanco has commercially added some 1,045 mw in 2010-11 alone, thereby increasing the operating capacity by 101 per cent year on year. It has recently synchronised 600 mw of Udupi-2 though commercial operation is expected to start in second quarter of next financial year on account of delay in transmission line set up.

While Kondapalli continues to face gas supply issues from KG D6 and Gail, the commercial operations date for Budhil Hydro (70 mw) has been delayed by six months and now expected to start in second quarter of next financial year.
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