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Home » Solar » Lanco Solar gets letter of intent to develop 105MW under National solar Mission India- targets 300MW in 2-3 years

Lanco Solar gets letter of intent to develop 105MW under National solar Mission India- targets 300MW in 2-3 years

According to reports, Lanco Infratech on Monday said it has got letters of intent to develop a 5-MW solar PV project and a 100-MW solar thermal project in Rajsthan under the first phase of the Jawaharlal Nehru National Solar Mission (JNNSM).

It also plans to develop 200-300 MW of solar power over the next two years, Lanco said in a statement.

“The recent wins under NSM especially 100 MW in solar thermal, goes well with our strategy to develop 200-300 MW over the next two years across the nation and emerge as a leading developer in the country and globally,” its subsidiary, Lanco Solar’s CEO Sai Baba said in the statement.

The letters of intents were awarded to the company by NTPC Vidyut Vyapar Nigam Ltd. (NVVN), a unit of NTPC, is the government’s designated agency for procuring solar power under the National Solar Mission, which aims to have a generation capacity of about 20,000 MS of solar power by 2022.

Lanco completed its first 5MW project in Gujarat. The project located in Patan, Gujarat is one of the largest solar power plants (SPP) in the country and the first for the state. Lanco Infratech Limited is developing an overall of 35MW in Gujarat under Gujarat State Policy.

Lanco also offers turnkey engineering, procurement and construction (EPC) services to others solar power developers and is looking to build 300-500 MW of Solar Thermal and Solar PV plants over the next 2-3 years, the statement added.

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