Lanco Infratech Ltd has received letters of intent from NTPC Vidyut Vyapar Nigam Ltd (NVVN) for setting up a 5 MW solar photo-voltaic (PV) unit and a 100 MW solar thermal project in Rajasthan under phase one of the National Solar Mission.
Part of the diversified Lanco group, the company had earlier set up its first 5 MW solar PV project at Patan in Gujarat, a hub for solar photo voltaic projects. It is currently developing 35 MW of solar PV capacity in Gujarat.
The company expects to sign up for the power purchase agreement by January. Thereafter, it will have six months to achieve financial closure for the 5 MW project. This is likely to be operational by December 2011. However, for the 100 MW solar thermal plant the company will have time till March 2013 for implementation.crackcrack
