With NRI help, Punjab targets 1,000 MW solar energy by 2017
The Punjab government is targeting solar power generation of 1,000 MW by 2017 with a major investment in this sector coming from Non-Resident Indians (NRIs), a minister said on Tuesday.
“Renewable energy is fast emerging as ‘sun-rising’ sector for NRIs due to investor friendly unique policies of Punjab with more than Rs.1,500 crore worth of investment in solar energy fructifying in the last three years with total generation capacity of 225 MW.
“By 2017, 1,000 MW of solar energy would be generated in Punjab, which would be the maximum in the country,” minister for new and renewable energy Bikram Singh Majithia said.
The minister inaugurated a 1 MW solar energy project set up by Britain-based NRIs Avtar Singh Kang and Raovarinder Singh Kang in their ancestral village Lallian Kalan in Jalandhar district with an investment of Rs.7.25 crore.