India May Probe Whether Lanco Broke Rules in First Solar Auction
BUSINESSWEEK - India may investigate if Lanco Infratech Ltd., the nation’s second-largest non-state power utility, and Moser Baer India Ltd. broke rules to win more capacity than allowed in the country’s first solar auction.
“If there are any facts that indicate violations, we would do an inquiry,” Tarun Kapoor, joint secretary at the Ministry of New and Renewable Energy, said by telephone today. If there are violations, the government will bar them from the program, which means they’ll lose an assured government buyer, preferential rates at which to sell power and other guarantees, he said.
