NEW DELHI, INDIA: Lanco Solar, a fully owned subsidiary of Lanco Infratech Limited - the fastest growing business conglomerates in India with interests in power, construction & EPC, infrastructure and renewable, announced that in consortium with Juwi Renewable India Ltd, it has received LOA”Letter of Award from Maharashtra State Power Generation Co. Ltd (Mahagenco) for building of a 75MW crystalline technology based photovoltaic solar power project in Dhule district in the state of Maharashtra.
The project value is Rs. 884.18 crores. The project would be fully commissioned by mid February 2012.
“It is a strategic win for us. Not only it puts us firmly as the top solar power developer in the country but also helps us considerably in securing our supply chain, competitively,” said V. Saibaba, CEO, Lanco Solar.
“This pioneering initiative by Mahagenco and Government of Maharashtra reinforces India’s position as a fast growing solar market globally along with the commendable initiatives of MNRE under the National Solar Mission. It would also considerably help in attracting new industries and talent into this space to reduce installation costs and help the country in its solar agenda.”