New Delhi, Gurgaon: Lanco Infratech Limited (LITL), one of India’s leading business conglomerate having businesses in the domains of Engineering, Procurement and Construction (EPC), Power, Solar, Natural Resources and Infrastructure today announced its subsidiary Lanco Solar Private Limited signed a landmark agreement with Chhattisgarh Government to bring Chhattisgarh on the global silicon map. As per the MOU inked today with the Chhattisgarh Government, Lanco Solar will set up 100 MW solar cell manufacturing plant.
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 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.
The MOU which was signed today by the Chhattisgarh Industry Secretary, Mr Subodh Singh, and Lanco Solar President, Mr Raj Kumar Roy had the august presence of Dr Raman Singh, the Hon’ble Chief Minister of Chhattisgarh, Mr L Madhusudhan Rao, Executive Chairman of Lanco, Chhattisgarh Chief Secretary Mr. Vivek Dhand, Principal Secretary to Chief Minister of Chhattisgarh Mr. Aman Singh and other Government officials and notable dignitaries.
Commenting on development and signing an MOU with CG Govt., Mr. L Madhusudhan Rao, Executive Chairman, Lanco Infratech said, “we welcome government’s initiative of accelerating the development and green energy mission by inviting participation from foreign players who will not only bring in technological know-how but will also create employment opportunities. Solar power in India has a promising future. 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 & Wafers manufacturing facility coming up in India which will be bringing the state of Chhattisgarh on global Silicon map. At the same time it plays anchor Industry role to attract investments in other solar PV manufacturing units within this plug & play SEZ zone.”
“Other salient features of the project that will attract investments are Manufacturing units within SEZ located in State of Chhattisgarh would also have logistic advantage for marketing being centrally located for entire Indian market. The existing industrial zone within 40 – 80 KM periphery of this SEZ would provide adequate manpower and sub-vendor base support to manufacturing units in this SEZ. In view of the Make in India initiative, ambitious Solar development plans and the employment generation potential of this venture, State of Chhattisgarh and Lanco have decided to jointly invite companies for setting up Solar PV manufacturing facilities in this SEZ, added Mr. Rao”.
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