Lanco Infratech is setting up a 100 mw solar cell manufacturing plant and plans to lease part of its solar SEZ to foreign and Indian firms which want to participate in India´s renewable energy programme.
The company´s subsidiary Lanco Solar Private Ltd has signed an agreement with the Chhattisgarh government for the unit. Lanco Infratech has earmarked around 150 acre within its solar SEZ for domestic and foreign companies interested in setting up solar manufacturing facilities in India. ´The salient feature of the project is that it has already approved and committed water and power availability and all clearances for land and its usage,´ the company said.
Lanco Solar President RK Roy said that the proposal is a revenue stream for his company.