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Web Exclusive | April 2013

25 firms interested to set up solar projects in Punjab

To set up 300 mw solar power projects in Punjab's various locations, as many as 25 companies, including Tata Solar, L&T, Aditya Birla, have evinced interest. The projects involve an investment of Rs 3,000 crore. Punjab Energy Development Agency (PEDA) said on April 4 that Welspun, GE, Punj Lloyd have also showed interest in the project, he said.

The photovoltaic solar power projects would be set up under build-own-operate (BOO) basis. Companies have been told to set up solar power projects wherever they want to set up in any part of the state, PEDA said. Power generated from these resources would be procured under an agreement for 25 years, he said.

Central Electricity Regulatory Commission (CERC) has fixed a rate of Rs 8.75 per unit rate for solar power projects. The state has a major potential in generating power from solar energy as 330 days of clear sunshine with solar insolation from 4-7 kwh/ sq meter is available.

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