Lanco Infratech subsidiary Lanco Solar today said it will set up a 75-MW solar power project at Maharashtra along with Juwi Renewable India Ltd at a cost of Rs 884.18 crore.
Lanco Solar, in a consortium with Juwi Renewable India Ltd, has received a contract from Maharashtra State Power Generation Co Ltd (Mahagenco) for building a 75-MW photovoltaic solar power project at Dhule in the state, an official statement said.
The project value is Rs 884.18 crore. The project would be fully commissioned by mid-February, 2012, it said.
"It is a strategic win for us. Not only it puts us firmly as the top solar power developer in the country, but also helps us considerably in securing our supply chain competitively," Lanco Solar CEO V Saibaba said.
Lanco Solar is a 100 per cent subsidiary of Lanco Infratech Ltd with a focus on providing sustainable, innovative and cost-effective solutions across the entire solar power value chain.
It is setting up country's first integrated solar manufacturing SEZ (special economic zone) at Chhattisgarh for manufacture of polysilicon ingots, wafers and modules.
The company has commissioned India's largest solar photovoltaic farm, with 5-MW capacity, in Gujarat.