Lanco Infratech has firmed up Rs 24,000-crore investment plans for becoming a 9,300-MW company in the next four years from the current power generation capacity of 2,082 MW. It would add over 7,000 MW of power by 2014, our current installed capacity is 2,082 MW. The company would require about Rs 24,000-crore worth of funds for augmenting its capacity. It would add power generation capacity from all sources of energy — coal, gas and hydro.
Its requirement is about Rs 24,000 crore, of which Rs 19,000 crore is the debt component, Lanco has already tied up Rs 17,000-crore worth of debt and the remaining would be concluded soon. The debt raised by the company is in the form of domestic loans from various banks and financial institutions including ICICI Bank, HDFC, IDBI, IFCI and Rural Electrification Corporation.
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