LANCO Power Ltd (LPL) is further setting up 2x660 MW Coal based power project near Pathadi - Saragbundia villages on the Champa - Korba State Highway in Chhattisgarh, India. The commissioning schedule of 36 months for Unit III and 40 Months for Unit IV categorizes these as fast track projects.

Upon attaining the required statutory clearances for Unit 3, the implementation of the project with supercritical technology started from 1 January 2010 as the zero date. Letter of Acceptance for the supply of coal has been obtained for the third unit and Long Term Coal linkage has been obtained for fourth unit. Power Finance Corporation, the lead lender for the project has already appraised the project and the project is well poised to achieve financial closure shortly.

The ultimate capacity of the LANCO Power Plant after completion of Phase IV would be around 1920 MW.