Lanco Solar Private Ltd has announced that its 300 MW photovoltaic (PV) solar cell manufacturing plant in the special economic zone (SEZ) in Rajnandgaon of Chhattisgarh would start by mid-2014.
“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,” Business Line quoted Satyendra Kumar, chief technology officer, Lanco Solar as saying. Lanco Solar Private Ltd is a unit of the Hyderabad-based Lanco Group.
The group said it is investing Rs 30 billion in the 300 MW photovoltaic (PV) solar cell manufacturing plant which currently manufactures only solar modules.
Lanco Group expects to generate $300 million in revenue from this manufacturing project. The report further added: “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.”
“In the second phase of the Jawaharlal Nehru National Solar Mission (JNNSM) indigenous manufacturing should be encouraged,” Kumar added. “We want implementation as early as possible and on a continuous basis.”
