Home » CleanTech/ Renewable Energy » Lanco’s solar cell-making plant to start by mid-2014

Lanco’s solar cell-making plant to start by mid-2014

According to reports, Lanco Solar Private Ltd, a unit of the Hyderabad-based Lanco Group, would kick-start the 300 MW photovoltaic (PV) solar cell manufacturing plant in the special economic zone (SEZ) in Rajnandgaon of Chhattisgarh next year.

“By (mid) next year we will be able to produce solar cells and the facility would be able to produce 300 MW cells when completely done,” Satyendra Kumar, Chief Technology Officer, Lanco Solar told mediapersons.

At present, the plant manufactures only solar modules. The group is investing Rs 3,000 crore in the unit.

The manufacturing project is expected to generate $300 million in revenue for the cash–starved Lanco Group. According to the initial plan, the plant would export nearly 15 per cent of its solar cells. The raw material, metallurgical silicon, will be imported. Lanco has tied up with US-based GT Solar to provide key technology to be used in the plant.

Solar manufacturers in India, under the banner of SEMI India, have said the Government should incentivise local manufacturing in the latest phase of the National Solar Mission.

The players, while claiming free and fair competition, want some of the capacities to be reserved for local equipment.

According to reports, of the 551 MW of grid-connected solar power plants in the last three years, 391 MW of capacity have used foreign solar cells or modules.

“In the second phase of the Jawaharlal Nehru National Solar Mission (JNNSM) indigenous manufacturing should be encouraged,” Satyendra Kumar, Chief Technology Officer, Lanco Solar, who is also a member of SEMI, told mediapersons.

“We want implementation as early as possible and on a continuous basis,” he added.

According to SEMI, India needs to develop a top photovoltaic manufacturing and market ecosystem.

Leave a Reply

Your email address will not be published. Required fields are marked *


Scroll To Top