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News Brief | June 2012

Lanco Solar completes 56 MW PV plant to grid

Lanco Solar has completed a total of 56 MW grid-connected solar PV power plants in Gujarat. This includes three plants of 35 MW owned by Lanco Infratech and additional 21 MW built as turnkey EPC for other developers - the Gujarat Power Corporation (5 MW), GSPC Pipavav Power Company (5 MW), GHI Energy (10 MW) and Gujarat State Electricity Corporation (1 MW). These power plants will generate up to 90 million units of green electricity annually, resulting in reduction of CO2 emissions by 85,757 tonnes annually.

V Saibaba, CEO, Lanco Solar, said, “We came to Gujarat in 2009 to explore the possibility of setting up our solar business here. The visionary approach of the CM and the government’s attitude has been very positive for promotion of solar energy. Gujarat is at the forefront of solar development in the country today, with its excellent solar radiation, progressive solar policies and conducive business environment.” Madhusudhan Rao, Chairman, Lanco Group, said, “The Gujarat solar park is the first of its kind in the world, being the largest, multi-developer, multi-facility park to encourage investment in the sector.”

Contact: Lanco
Tel: + 91 124 474 1000
Web: www.lancogroup.com
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