Lanco launches Rs. 35,000cr power addition

Mumbai : Infrastructure major engaged in the construction and energy generation sectors, Lanco Infratech, has drawn up a plan to push its power generation capacity from the current 3,300mw to 15,000mw by 2015 at an investment of Rs. 35,000cr. While power project with generation capacity of 9,300mw are currently in various stages of implementations and are set to be commissioned in the next couple of years and construction work on the remaining 6,000mw projects is set to start very shortly.

The Executive Chairman Madhusudan Rao stated that the funds are being tied up with various financial institutions as the company is raising certain amount of funds through debt and equity ratio of 80:20 and the balance will be mobilized from its internal accruals. Apart from adding power generation capacity in the domestic circle the company is also foraying into the overseas market very aggressively and is very hopeful of winning power projects in Bangladesh, Indonesia and also in the Middle-East in the near future but at the same has decided to drop its plans to bid for coal assets in Australia, he claimed.