India's solar power costs could fall by more than 40% by 2015, allowing the industry to compete against domestic oil and gas firms without the help of state subsidies, the head of Lanco Solar told Reuters on Wednesday.
Lanco Solar, the subsidiary of Lanco Infratech, has bagged an order in consortium with Juwi Renewable. V Saibaba, CEO of Lanco Solar tells CNBC-TV18 that they will set up a 75-MW solar power project in Maharashtra. The contract was awarded by Maharashtra State Power Generation Co Ltd (Mahagenco).