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Companies vie for Punjab solar energy project

According to reports, a large number of companies have bid for the proposed 300 MW solar photovoltaic power projects by the Punjab Energy Development Agency (PEDA).

Punjab non-conventional energy minister Bikram Singh Majithia said more than 30 companies participated in the bidding process and total bids for 270 MW were received against targeted allocation for in-house capacity of 300MW of solar power projects.

Bids will be evaluated to verify technological competence of the bidders, based on which, the price bids of the qualifying companies shall be opened, said Majithia.

Majithia said it is a huge impetus put by the government in the field of non-conventional energy. It is a quantum jump in comparison to the current installed capacity of 9 MW, he said, adding that it will bring investment to the tune of Rs 2200 crore in the next 15 months along with investment.

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