Lanco Infratech Limited (LITL), the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure today announced that Lanco Solar Energy Pvt Ltd, a fully owned subsidiary of Lanco Infratech Limited won prestigious IESA Technovation Award for Most Innovative Product Award 2012.
The award was presented in the Indian Electronics & Semiconductor Association’s annual event IESA Vision Summit in Bangalore. It was given for an innovative plug-&-play solar PV product design to cater to off-grid solar solutions in urban and rural hinterlands. Utmost care was given to ensure that the design provides for easy assembly at site in remote locations. The modular design is also fully scalable to cater to a single family rooftop installation to village mini-grids to large urban residential/ industrial rooftops. Several of these installations are operational in Grameen Banks, remote village schools, tribal hostels, rural health centers, and industrial utilities in Uttar Pradesh, Chhattisgarh, Odisha and other States.
Commenting on the occasion Mr. L Madhusudhan Rao, Executive Chairman, Lanco Infratech Limited, said, “IESA Technovation Award is recognition of our innovation and focus on continuous improvement in delivery of renewable solutions at affordable cost.
Mr. V Saibaba, CEO, Lanco Solar said, “The product developed by us is unique and our plug-and-play system for off-grid solar power is one among several such innovative initiatives to take this solution to masses. We appreciate Lanco Solar team for all their efforts in achieving this award. We thank IESA for this privilege and honour”.
Lanco Solar is one of the largest solar power players in the country today with project portfolio of about 400MW, including own projects and third party turnkey EPC services. It has already commissioned about 95MW solar PV projects while more than 300 MW is currently under execution.