Lanco Infratech commences power supply to Haryana Discoms

From Lanco Amarkantak Power's 300 MW Unit #2

Lanco Infratech announced commencement of power supply to Haryana Discoms from its domestic coal based 300 MW Unit # 2 of Lanco Amarkantak Power (LAPL), Chhattisgarh.

With the commencement of power supply to Haryana Discoms at regulated tariff from this pithead plant, the entire 1800 MW operating coal based power portfolio of Lanco is now utilised to its full capacity with fuel pass through.

LAPL, has recently got a favourable order from the Hon'ble Supreme court directing the South Eastern Coalfields Ltd. to supply coal to the 300 MW Lanco Amarkantak unit II treating it as a unit having a subsisting long term PPA. LAPL on September 24, 2015 has executed the documentation for flexible refinancing with its Lenders for 2 x 300 MW Unit 1 & 2. LAPL has also completed the documentation for the cost overrun financial closure of its 2 x 660 MW expansion project. The court also ordered Power Grid Corporation to provide transmission corridor to this project.

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