Welspun Energy on Wednesday announced that it had signed an agreement to with the Punjab Government to invest Rs.1,350 crore in the next three years to set up 150 MW solar power project in Punjab.
In a statement, the company said it had entered into a memorandum of understanding (MoU) with the Punjab Government for a 150 MW capacity solar power project. The company is already developing a 35 MW solar project in the state. The project is likely to begin commercial operations by 2017.
Welspun Energy has bagged Asia’s largest and world’s second largest solar power project of 151 MW at Neemuch, Rajasthan.
At present, Punjab has an installed power capacity of close to 8,000 MW of which only 9 MW is solar energy. This 150 MW project is slated to begin commercial operations by 2017.
"The partnership with Government of Punjab is in line with our commitment of lighting India with clean, sustainable energy. We look forward to working in close collaboration with the local authorities to develop efficient and world class solar capacities for the state," Vineet Mittal, Managing Director, Welspun Energy said in the statement.
"The partnership with Government of Punjab is in line with our commitment of lighting India with clean, sustainable energy. We look forward to working in close collaboration with the local authorities to develop efficient and world class solar capacities for the state," Vineet Mittal, Managing Director, Welspun Energy said in the statement.
The project will supply clean energy to 72 lakh families. With the commissioning of this project, an estimated 24,96,602 tonnes of carbon dioxide emissions will be mitigated each year, the statement claimed.