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Chandigarh, Jun 6: The per capita consumption of power, pegged the highest in the country at 972 units and power shortages running as high as 20% with peak hour shortage at 26%, are Punjab's major concerns.
To counter this, the state has kept a target to add another 1,000 mw through renewable energy sources by 2012. For this the sector is all set to attract investments worth Rs 900 crore by private sector bigwigs. Not only this, Japan Bank of International Cooperation has committed a loan of Rs 800 crore to the state government for adding 200 mw power using the renewable sources. The state has a current installed capacity of 6,200 mw.
Talking to FE, M P S Bajwa, chairman, Punjab Energy Development Agency (PEDA), said Punjab has a big advantage in renewable sources of energy like biomass, agro residue and a huge potential on the co-generation of power. Towards this, the state government has firmed up plans to introduce a biomass based energy project in each tehsil. It ideally requires an investment of Rs 3-5 crore per mw, could be multifuel and can be set up on 10-20 acres of land. Compared to this, a hydel project costs Rs 8-10 crore per mw and a solar plant costs Rs 20-30 crore per mw. Punjab State Electricity Board has been requested to sign Power Purchase Agreements (PPAs) for renewable energy power projects with private developers within a month of submission of documents. The time for tariff approval would also be reduced. " The state government wants to harness the co-generation and biomass potential of 542 mw by 2012. Government is also providing financial incentives for promoting power projects in the state NRSE policy 2006," he added.
PEDA has so far commissioned 8 mini hydel projects with a capacity of 10 mw. And another 55 hydel sites have already been allotted to the private developers for setting up hydro projects on Built Operated Owned (BOO) basis. Around 14 projects with a capacity of 13.65 mw have been completed and commissioned through private sector participation of about Rs 100 crore. Five projects with a total capacity of 30 mw have been completed and commissioned through private sector and 114 mw co-generation projects are under execution in the state. In addition, projects of 112 mw have also been allocated to private developers on BOO basis in biomass power, thereby attracting private investment...
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