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PEDA pleased with 300mw solar power progress

According to reports, subsequent to the pre-bid conference held in April, the techno-commercial bids were opened today by Punjab Energy Development Agency (PEDA) and it received a phenomenal response for the development of 300MW Solar Photovoltaic Power (SPV) projects in Punjab said Mr. Bikram Singh Majithia Non Conventional Energy Minister Punjab in a statement issued here today. More than 30 companies participated in the aforesaid bid process and against the targeted allocation for an in house capacity of 300MW solar power projects; total bids for 270 MW were received. Big giants like Moser Bear, Punj Llyod, Azzure have evinced keen interest in setting up these projects in the state. The evaluation of bids shall now follow to verify technological competence of the eligible bidders, based on which, the price bids of the qualifying companies shall be opened.

Mr. Majithia said that it is a huge impetus put forth by the government in the field of Non-conventional energy. The state is set to harness this untapped potential by venturing out in this non-conventional sector. It is a quantum jump in comparison to the current installed capacity of 9 MW.

The Minister described this giant foot forward which is first of its kind shall bring investment to the tune of about Rs.2200 crores by big industries within the next fifteen months, and shall also provide gainful employment to about 7000 people in the state. In addition to this, the solar power projects shall help the state, to meet its peak load requirement of power and shall reduce Green House Gas emission discharge to the tune of about 3.50 lakh tone per annum which is a mammoth step of the government towards providing clean and green energy and which is also the need of the hour for sustainable development.

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