Lanco Infratech starts power supply to Haryana Discoms

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Lanco Infratech has started 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 utilized to its full capacity with fuel pass through.

L Madhusudhan Rao, chairman, Lanco Infratech, said: “The resumption of Power supply to Haryana Discoms is going to be profit assertive for us in the coming quarters as it will double the revenues of Lanco Amarkantak to around Rs 1200 crore and increase EBITDA by around Rs 200 crore for full year of operations.”

Lanco Amarkantak Power (LAPL) a step down subsidiary of Lanco Infratech (LITL), has recently received a favorable order from the Supreme court directing the South Eastern Coalfields 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 refinancing with its lenders for 2 x 300 MW Unit 1 & 2. LAPL has completed the documentation for the cost overrun financial closure of its 2 x 660 MW expansion project. The court also ordered the state-run Power Grid Corporation to provide transmission corridor to this project.

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