PEDA to contribute 1200 MW power to PSEB

Patiala, Jul 11 (UNI) Punjab Energy Development Agency (PEDA) will contribute 1200 MW power to Punjab State Electicity Board (PSEB) in next two years to help PSEB to bail out from power shortage.

"PEDA has taken a major leap forward in its endavour to put up renewable energy projects in the state. PEDA has set up Solar Photovoltaic (SPV) Power Projects in MW scale in the state," said Punjab Science and Technology Minister Bikram Singh Majithia here at Khalsa College after starting a movement for tree plantation of Students Organisation India (SOI).

He said that four companies namely Moser Baer, PQES Inc., India Bulls Electricity and Azure Power had been shortlisted for the SPV Power Projects and a combined capacity of 17MW SPV Power Projects were allocated to be setup on Build Own Operated basis at various locations in the state.

These projects would be completed and commissioned within a period of 630 days i.e. before December, 2009 and power generated would be fed into the PSEB grid, he said.

"PEDA is also setting up wind energy plants in Punjab. Suzlon Gujarat Wind Park Ltd has already signed two MoUs with PEDA for the setting up of two Wind Power Projects of 50MW each (total 100 MW) in Hoshiarpur district and Mukatsar district at an estimated cost of Rs 500 crore," he said.

UNI PS JS1557