Solar Summit 2015 comes with the promise of a substantial boost in the economy of Punjab, believes the Deputy Chief Minister of the state, Sukhbir Singh Badal. Recently, the state is facing the international panorama with a world of opportunities. And, the Solar Summit at Chandigarh would certainly be a revolutionary move on Punjab Government's part, as it will soon develop the state into the most preferred destination for investment in Non-conventional energy sector.
During the event, the minister has laid the foundation stones of various development projects and three irrigation projects in Lambi constituency and interacted with media at the village Kolianwali. Sources said that Punjab, during the Solar Summit has received more than Rs. 4000 crore investment for 500 MW solar projects, in which the majority of the investment are made by the key foreign players from Singapore, USA and France.
The Solar Summit held today has its principal focus on showcasing the countless possibilities in Renewable energy sector in Punjab. Due to the availability of sun shine about 300 days a year, the state of Punjab is deemed absolutely fit for building such high grade solar projects.
The Deputy Chief Minister, Sukhbir Singh Badal has also initiated a clarion call to the farmers to take part in the event. He has also said the farmers to be an active partner under the incentive oriented Net Metering policy. The project, being essentially designed keeping the needs of the farmers in view, it's important for the farmers to be an active part of the same. The minister, however, said that the profound interest of the state farmers in the solar power projects is quite evident from their participation. Moreover, PEDA has recently received a huge volume of request for 1200 MW against the initial estimates of 500 MW. In addition to that the remunerative lease rates of the state farmers are now in a satisfactory stage which is also available for the non-fertile lands. This has also increased the interest of the farmers on a rapid scale.
The innovative effort of the Punjab State Government has also received a big round of applause and acknowledgement to the Central Government. Recently, the state has also received the award as the best performing state on RE front during REINVEST-2015 held in New Delhi. In addition, the Renewable Energy Promotion Association (REPA) has acknowledged Punjab's effort with the award of the Best Bio-energy State of India with highest installed capacity.
After the event was held with full grandeur, Badal has also reportedly said, Punjab Government has authorized about Rs. 10,000 crore in order to invest in the basic amenities projects in 150 small towns and villages. However Rs. 4000 crore out of the government grant will be accordingly spent on water supply, building concrete streets in villages, so that proper conveniences can be made available to the natives there.
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No wonder, such an amazing event will be surely helpful for boosting up the Punjab's economy while the farmers of the state will receive a good exposure.
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