Lanco Solar’s EPC contract portfolio has crossed 350 mw for solar power farm projects in the country including its own solar photovoltaic plants and a 100 mw solar thermal power project coming up in Rajasthan. The 100 mw solar thermal power plant to be set up with an outlay of Rs. 1800 crore will be ready by first quarter next year, Mr. V.Saibaba, Chief Executive Officer of Lanco Solar, said.
The company had bid for a tariff of Rs. 10.5 and is at an advanced stage of its implementation. The solar EPC order book as of March is about Rs. 4200 crore with 61 per cent of this from external parties. Mr. Saibaba told Business Line that the company executed about 100 mw of solar photovoltaic plants in the country apart from handling smaller project execution work in other countries. These projects in India include 40 mw of installed capacity of Lanco Solar and 55 mw of installed capacity for other companies as an EPC player.
The company is executing small projects in all of about 35 mw in France, Germany, US and Canada. Lanco Solar, a subsidiary of Lanco Infratech Ltd closed the year ended March 31, 2012 with a turnover of Rs. 1870 crore and expects the revenues to cross Rs. 3000 crore this fiscal, he said.
Source:http://www.thehindubusinessline.com/companies/article3509056.ece
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