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India Developing, but still a long way to go

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Some Tech Parks coming up in Chennai

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Lanco Infratech Plans to Set Up $300 Million Solar Manufacturing Plant

Lanco Infratech Ltd., an Indian energy and infrastructure company, plans to build a plant in Chhattisgarh to produce purified silicon, cells and other components for solar photovoltaic facilities.

The plant in Rajnandgaon district will have a capacity of 250 megawatts a year and will produce ingots, wafers, photovoltaic cells, modules and polysilicon, the company said in an e-mailed statement.

The first phase of the project will require an investment of 13.7 billion rupees ($300 million) and will start production by 2012, it said.

The plant will be located within a special economic zone, a type of duty-free enclave intended to promote trade by providing special infrastructure and support services.

The company’s Lanco Solar Holdings unit also builds projects and provides construction and contracting services. The unit plans to build as much as 300 megawatts of its own capacity over the next two years and contract work for up to 500 megawatts of solar thermal and photovoltaic plants in India, Europe, the U.S. and Canada, it said.

Lanco Solar has signed power purchase agreements for a 5- megawatt photovoltaic plant and 100-megawatt solar thermal plant in Rajasthan state, as well as a 35-megawatt photovoltaic plant in Gujarat state, according to the statement.

Lanco Infratech Plans to Set Up $300 Million Solar Manufacturing Plant - Bloomberg
 
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PM opens Vallarpadam container terminal

KOCHI: Prime minister Manmohan Singh inaugurated India's first international container trans-shipment terminal at Vallarpadam Island, near Kochi, on Friday. :cheers:

"The absence of a global hub port and the lack of transhipment facilities had put our trade at a disadvantage. Today, 60% of India's export and import containers are transshipped through ports such as Singapore and Colombo. This involves an additional expenditure of $300 per container and extra 7 to 10 days of transit time. With the building of this terminal our exporters can now access mainline container vessels calling at one of the most well-located parts of India,'' Singh said.

The rail link for the project also includes India's longest railway bridge of 4.62 km, which has been constructed over the Vembanad Lake. The total cost of the first and second phase of the terminal is pegged at around Rs 6,250 crore.

The terminal after its completion will be able to handle four million TEUs (twenty-foot equivalent units) of cargo per annum. The first phase of the project which was inaugurated on Friday can handle one million TEUs per annum.

DP World of Dubai is constructing ICTT on a build-operate-transfer basis. In the first phase, the central government has invested Rs 1,617 crore in the allied infrastructure such as rail and road network, while the DP World has put in Rs 1,600 crore for setting up the core terminal facilities. The Cochin Port Trust will own the ICTT and the DP World will undertake the cargo handling operations for 30 years.

Read more: PM opens Vallarpadam container terminal - The Times of India PM opens Vallarpadam container terminal - The Times of India
 
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