Three of the plants, worth 35 MW, are owned by Lanco Infratech Ltd, parent company of Lanco Solar. Meanwhile, a further 21 MW were undertaken on an EPC basis by the company for other developers, including five MW for the Gujarat Power Corporation Ltd; five MW for GSPC Pipavav Power Company Ltd; 10 MW for GHI Energy Pvt Ltd; and one MW for Gujarat State Electricity Corporation Ltd.
"We came to Gujarat in 2009 to explore the possibility of setting up our solar business here Gujarat is at the forefront of solar development in the country today, with its excellent solar radiation, progressive solar policies and conducive business environment. We look forward to our continued growth here over our existing 56 MW, that we have built as a developer & an EPC player in the last one and a half years," commented CEO V. Saibaba.
Against the rules
In February, The Centre for Science and Environment (CSE) alleged that the Lanco Group flouted the Jawaharlal Nehru National Solar Mission (JNNSM) programs guidelines, in order to corner a big share of the photovoltaic projects under first batch of Phase 1.
CSE, a New Delhi-based public interest research and advocacy organization claimed that, "Lanco Infratech floated front companies and grabbed no less than nine projects worth 235 MW. This is about 40 percent of the 620 MW worth of projects auctioned by the government during the first batch of the first phase of the Solar Mission."
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