Lanco Group to Invest $125 Million in Wind Power as India Unveils Plans for Climate Change

BANGALORE, INDIA--July 8, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The Lanco Group (Hyderabad, Andhra Pradesh), a power and infrastructure major, is planning a foray into the wind-energy sector with an initial investment of $125 million. The group is aiming for a commercial launch of wind energy by September 2009 and has a target of developing a total installed capacity of 1,000 megawatts (MW). The company's decision comes at a time when India is renewing its focus on harnessing renewable energy sources to tackle the global issue of climate change.