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25 firms show interest in 300 MW solar projects in Punjab

According to reports, as many as 25 companies, including Tata Solar, L&T, Aditya Birla, have evinced interest in setting up 300 MW solar power projects involving an investment of Rs 3,000 crore in Punjab.

“About 25 companies have shown interest in setting up 300 MW solar power projects at various locations in the state,” Punjab Energy Development Agency (PEDA) Chief Executive T P S Sidhu said here today.

He said total capital expenditure for establishing 300 MW of solar power project would be to the tune of Rs 3,000 crore including land cost.

Among prominent companies which showed interest are Welspun, GE, Punj Lloyd, he said, adding that the projects for 300 MW photovoltaic (MWp) power 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,” he added.

Power generated from these resources would be procured under an agreement for 25 years, he said.

Central Electricity Regulatory Commission (CERC) has fixed rate of Rs 8.75 per unit rate for solar power projects, he said.

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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