Lanco plans solar cell plant in Chhattisgarh

Lanco plans solar cell plant in Chhattisgarh
Highlights

Lanco Solar Private Limited, a subsidiary of Lanco Infratech Limited, on Monday it signed a landmark agreement with Chhattisgarh government for setting up 100 MW solar cell manufacturing plant in that State. However, the company did not disclose the investment that it would make in the plant.

Hyderabad: Lanco Solar Private Limited, a subsidiary of Lanco Infratech Limited, on Monday it signed a landmark agreement with Chhattisgarh government for setting up 100 MW solar cell manufacturing plant in that State. However, the company did not disclose the investment that it would make in the plant.

“We feel that the location of the plant is ideal as it is centrally located for entire Indian market. We are elated to be part of the MoU as this will be a showcase project being the first poly silicon and ingots and wafers manufacturing facility coming up in India which will be bringing the state of Chhattisgarh on global silicon map,” said L Madhusudhan Rao, Executive Chairman, Lanco Infratech.

The company expects the new plant to play anchor industry role to attract investments in other solar PV manufacturing units within the plug and play special economic zone (SEZ) it is developing on a 250-acre site in Rajnandgaon, Chhattisgarh.

“For the integrated solar PV manufacturing project which re-started in July 2015, LITL has already done an investment of Rs 1200 crore to manufacture poly-silicon refining and wafer plant and 150 MW module plant.

The project is being set up at a 250 acre SEZ location in Rajnandgaon, Chhattisgarh under the National Solar Mission objective of achieving domestic PV cell production of 2200 MW/year and the Make in India Programme of the Government of India,” the company said in a statement.

The salient feature of the project is that it has already approved and committed water and power availability and all clearances for land and its usage, it added.

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