According to reports, Larsen & Toubro is looking is looking at grabbing sizeable orders for solar power projects driven by opportunity is sees in the sector. The $ 11.7 billion-engineering conglomerate’s fledgling solar power projects business has an order backlog of Rs 350 crore currently, but the company sees growth opportunities given India’s aim to scale up total installed capacity in the country to 20,000 mw by 2020.
“We see a lot of potential in solar power sector and have deep rooted long term plans for this business. Developers are taking up projects and achieving financial closure fast. So orders for engineering, procurement and construction work would also start coming in fast,” S.N. Subrahmanyan, senior executive vice president and board member of L&T told ET.
Earlier this year, Reliance Power commissioned India’s largest solar photo voltaic-based power plant of 40 megawatts at Jaisalmer in Rajasthan, for which L&T had done the engineering, procurement and construction work. On Friday, L&T said that it has completed SUN Group’s 6 mw-solar power unit at the Gujarat Solar Park in a little over three months.
“The experience and expertise gained over the installation of 114 MW in a year came in handy to handle the complete design, engineering, procurement and construction of this 6MW fast-track solar power plant,” Subrahmanyan said.