Go for Clean Power at a Competitive Price, Punjab CM Tells PSPCL

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In line with the commitment to provide quality power to the consumers across the State, the Punjab Chief Minister Charanjit Singh Channi on Friday asked Punjab State Power Corporation Ltd (PSPCL) to go for clean and green power at a competitive price.

In a meeting with officials of PSPCL, the chief minister said solar power is cost-effective and reliable besides being clean. Green source of energy would go a long way in ensuring a healthy and pollution-free environment, he said.

PSPCL Chairman and Managing Director A Venu Prasad informed the chief minister that PSPCL has floated two tenders for procurement of a total of 500-megawatt solar power. Out of this, 250 MW Solar Power is planned to be procured from solar projects located anywhere in India with ceiling tariff of Rs.2.50/Kwh. Another 250 MW of Solar Power would be purchased from projects located anywhere in Punjab with ceiling tariff of Rs.2.70/Kwh.

The move would meet the rising demand of power in Punjab and simultaneously develop and promote Renewable Sources of Energy, said the CMD.

The PSPCL is also endeavoring to sign an MoU with EESL for development of 140 MW Solar PV power projects at vacant spare land of 66 KV Substations of PSPCL to increase the share of clean, green and low tariff Renewable Power.

“All possible avenues are being explored to supply uninterrupted and quality power to the people of the state,” said Venu Prasad.

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