Lanco Infra to develop solar power projects in Rajasthan

NEW DELHI: Infrastructure and power company Lanco Infratech on Monday said it had got approval to develop a 5-MW solar photovoltaic (PV) project and a 100-MW solar thermal project in Rajasthan under the first phase of the Jawaharlal Nehru National Solar Mission (NSM).
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The Elephanta Caves, a UNESCO World Heritage Site off the coast of India’s financial capital Mumbai, draw hundreds of thousands of tourists every year.
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Renewable-energy funds suffered record outflows this year, reversing their direction from 2009, as money managers including BlackRock Inc. said the credit crunch dimmed the outlook for solar and wind power projects.
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