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Lanco sells hydro power assets

Power & New and Renewable Energy
February 1, 2014February 1, 2014
Lanco sells hydro power assets
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Lanco Infratech has struck a deal with the UK´s renewable energy firm Greenko to sell three hydro power assets with a combined capacity of 80 MW. Lanco Hydro Power has agreed to sell off its entire holding in 70 MW Lanco Budhil Hydro Power Project in Himachal Pradesh to Tejassarnika Hydro Energies, a subsidiary and Indian arm of Greenko. Lanco has agreed to divest two small hydro power plants of 5 MW each located in Himachal Pradesh.

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