The projects with a combined capacity of 17 MW would be set up on build, own and operated basis and would be commissioned before December 2009. The generated power would be fed into the Punjab State Electricity Board's grid.
This announcement was made by Punjab Science and Technology Minister Bikram Singh Majithia in a release.
The peak rate for sale of power from these projects is Rs 8.93 per Kwh from 2011-12. The power purchase agreements would be signed for a period of 30 years.
Being environment friendly and pollution free, these projects should be eligible for Carbon Credits under CDM and would lead the solar revolution in the country which would ultimately bring down the cost of solar power generation, create enhanced capacities and also build economies of scale in this sector, the release stated.
The minister informed that earlier 20 bids were received from international and national companies, including Reliance Industries Ltd and
Monday, April 7, 2008
Four companies shortlisted for solar power projects in Punjab
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