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News Brief | June 2014

Major respite to solar power players in Punjab

Solar power players willing to invest in Punjab are likely to get a shot in the arm with the State government paving the way for leasing out vacant panchayat land to these players. Many of the players who have signed power purchase agreements (PPAs) with State power utilities earlier this year have not acquired land citing exorbitant land prices as the stumbling block for setting up power plants in the State. Officials said that the current notification will assist the developers in speedy implementation of projects as their major concern has been addressed.
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