Chandigarh-In order to advertise clear power and to satisfy the longer term energy provide demand of Punjab, the Punjab authorities led by Chief Minister Bhagwant Singh Mann has signed a Power Purchase Agreement (PPA) of 1200 MW with Sutlej Jal Vidyut Nigam a subsidiary of Bhakra Beas Management Board and main agency of Renewable power.
Divulging the small print, the Chief Minister, whereas interacting with media individuals right here at Punjab Bhawan, stated that PSPCL had floated tenders for procurement of energy from photo voltaic initiatives situated in Punjab and wherever else throughout the nation. He stated that SJVN (Sutlej Jal Vidyut Nigam) Green Energy Limited proposed Rs 2.53 per unit from 1000 MW in Bikaner (Rajasthan) and Bhuj (Gujarat) and Rs 2.75 per unit from 200 MW at Hoshiarpur (Punjab). Bhagwant Singh Mann stated that for the primary time, the Swiss Challenge Method (SCM) was carried out to ask counter bidding.
The Chief Minister stated that the sooner bidding was of two.59 per unit however was negotiated and introduced at 2.53 thereby saving cash. Likewise he stated that for 200 MW bid was made at Rs 2.79 however was lastly agreed to Rs 2.75 per unit. Bhagwant Singh Mann stated that the state authorities will save Rs 431 crore via this negotiation including that to keep away from transmission price these initiatives will likely be began quickly.
The Chief Minister stated that the sooner governments had mercilessly plundered public cash by signing these agreements to learn the non-public gamers. He stated that from 2007-2017 not one of the mission was beneath Rs 7 whereas this PPA has been signed at a nominal price. Bhagwant Singh Mann stated that it will save quite a lot of public cash and will likely be immensely useful for the state.
The Chief Minister stated that Punjab will quickly grow to be the primary state to implement coverage for banking the ability. He stated that this will likely be a revolutionary step geared toward additional making the state energy surplus within the nation. Bhagwant Singh Mann stated that it will herald a revolution in offering low-cost, common and uninterrupted energy to the plenty.
The Chief Minister stated that PPA charges have been mounted for 25 years with none additional rise in price. He additional stated that no transmission fees and no transmission losses is not going to be paid by PSPCL. Bhagwant Singh Mann Solar energy initiatives will likely be made useful inside 18 months.
The Chief Minister stated that Estimated day by day manufacturing of inexperienced energy is 83 lakh items. He additional stated that it’s going to additional assist in supplying energy to agricultural tubewells in the course of the day as photo voltaic power will likely be out there within the day. Bhagwant Singh Mann stated that additional Aiming to additional promote clear power and to supply most energy to agricultural tubewells in the course of the day, PSPCL has floated extra new tenders to acquire 2500 MW solar energy from initiatives situated in Punjab and different elements of the nation.
The Chief Minister stated that the agreements inked with the businesses have been made public in contrast to previous when these have been veiled in secrecy. He stated that in the present day is the age of inexperienced energy and so we’ve made this settlement. Bhagwant Singh Mann stated that that is the most important solar energy buy settlement made within the nation.
The Chief Minister additional stated that the state authorities is heading in the direction of buying the Goindwal energy plant. He stated that efforts are being made to revise the settlement clauses with the opposite non-public thermal crops within the state. Bhagwant Singh Mann stated that these efforts are aimed solely at guaranteeing that energy is supplied to folks instantly.
The Chief Minister categorically stated that free energy to the farmers will proceed within the coming days too. He stated that there isn’t any proposal to levy any charge on free energy to the meals growers. Bhagwant Singh Mann stated that the state has surplus energy for the farmers including that there isn’t any dearth of funds for giving subsidy to the farmers.
The Chief Minister stated that the state authorities is making strenuous efforts for guaranteeing optimum utilisation of canal water within the state. He stated that it’s going to assist in saving the groundwater within the state and guaranteeing use of canal water. Bhagwant Singh Mann stated that the state authorities will quickly merge three departments involved with water viz. irrigation, water sources and others into one for this motive.
The Chief Minister was accompanied by Special Principal Secretaries to CM Ravi Bhagat and Kumar Amit together with others.