New Delhi, June 15: Construction and energy firm Lanco Infratech today said it had submitted bids for a 660-mega-watt (MW) thermal power project in Chittagong and qualified for another project in Bangladesh.

Lanco is looking at other opportunities abroad to set up power plants and buy coal mines. The company plans to raise its power generation capacity to 15,000MW by 2015 from 3,300MW and list its power unit on the bourses in two years.

“We have qualified for projects in Bangladesh, Indonesia and West Asia...they are yet to be finalised,” said L. Madhusudhan Rao, executive chairman of Lanco Infratech.

The company bid for a 660MW project in Bangladesh and plans to bid for three more in Indonesia in the next six months, Rao said.

Dhaka has prepared a road map for generating about 20,000MW additional power from coal-based plants by 2030.

Rao said the firm would invest Rs 35,000 crore for setting up thermal power plants in the country and might partly raise the amount by hiving off its power business.

“We will definitely make power a separate entity ... may be in the next two years,” he said while unveiling the group’s new logo.

The group has identified five business areas — power, solar, engineering and construction, natural resources and infrastructure.

“As individual business verticals achieve significant size and scale over a period of time, we see each of these developing into distinct independent listed entities,” Rao said.