Two more hydro projects of LANCO in Himachal Pradesh have been registered as Clean Development Mechanism (CDM) projects by the United Nations Framework Convention on Climate Change (UNFCCC) under the Kyoto Protocol.

The projects - 5 MW Upper Khauli and 5 MW Drinidhar on the Beas River - are the additional two hydro power projects of LANCO to be registered as CDM projects. The projects, which are under construction, are expected to be commissioned by 2008. The two projects will generate approximately 35,000 Certified Emission Reductions (CER) per annum. With this, the total capacity of hydro projects registered with UNFCCC has risen to 20 MW.

LANCO's existing biomass projects and two hydro projects have already been registered as CDM projects generating 110,000 CERs per annum. With the two additional projects, LANCO will generate approximately 145,000 CERs per annum. LANCO is also in the process of registering its other renewable energy projects.

LANCO Group, a diversified conglomerate with an asset base of more than USD 700 million, is one of the fastest growing corporate entities in India. LANCO has more than two decades of experience operating in the core sectors of Power Generation, Power Trading, Realty, Engineering and Construction, Information Technology and Manufacturing. At present, the power portfolio includes an operating capacity of 518 MW and additional capacities under construction aggregating to more than 2,200 MW. The Construction and EPC division of the company is executing various orders worth more than US$ 1 billion.

Reacting to the development, LANCO Infratech Ltd Chairman L Madhusudhan Rao says, "LANCO is one of the first Indian corporate to get its projects registered as CDM projects with UNFCCC. We are closely looking at the developments in the International carbon market where we see a potential for further value addition to the company. Both Government and private companies have been awarding us challenging and complex assignment as we are known for our timely execution and delivering quality work."

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About Lanco

LANCO Group, a diversified conglomerate with an asset base of USD 500 million, is one of the fastest growing corporate entities in India. LANCO has more than two decades of experience operating in the core sectors of Power Generation, Power Trading, Realty, Engineering and Construction, Information Technology and Manufacturing.

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