Lanco Solar’s Rajasthan concentrating solar thermal power will be ready by March

Lanco Solar’s 100 MW concentrated solar thermal power plant to be set up with an outlay of Rs 1,800 crore in Rajasthan will be ready by first quarter next year, said Mr V. Saibaba, Chief Executive Officer.

This concentrating solar power project will take the company’s EPC contract portfolio to 350 MW. The order book is about Rs 4,200 crore.

The company had bid for a tariff of Rs 10.5 and is at an advanced stage of implementation. Mr Saibaba told Business Line that the company executed about 100 MW of solar photovoltaic plants. These projects include 40 MW of installed capacity of Lanco Solar and 55 MW of installed capacity for other companies.

The company is executing small projects in all of about 35 MW in France, Germany, the US and Canada. Lanco Solar, a subsidiary of Lanco Infratech Ltd, closed the year ended March 31, 2012, with a turnover of Rs 1,870 crore.