Welspun Energy, India's biggest developer of solar projects, on Thursday said it had been awarded 32 MW of solar projects by Punjab.
The projects, awarded by the Punjab Energy Development Agency (PEDA) through a single-stage competitive bidding, are to be commissioned during the second quarter of 2014, the company said in a statement here.
"Welspun Energy's subsidiary Welspun Solar Punjab Private Limited (WSPPL) emerged among the leading two organisations which have won the highest capacities. Cumulative 32-MW capacity was awarded to Welspun Energy as twin projects of 30 MW and 2 MW under the Punjab New & Renewable Sources of Energy (NRSE) Policy 2012," it said.
At present, Punjab has an installed solar capacity of 9 MW. With this project, Welspun Energy will be annually feeding 56 million units of clean, emission-free energy into the Punjab state grid for the subsequent 25 years. About 53,261 tonnes of carbon dioxide emissions will be mitigated by this project on a yearly basis.
The state government will be facilitating the WSPPL with necessary approvals, permission, land acquisition, registration and clearances for the project.
Welspun Energy expects to soon sign the agreement with the Punjab State Power Corporation Limited (PSPCL).
The company has so far built up more than 300 MW of clean energy capacity on ground, of which 111 MW are operational. With the recent spate of projects, the clean energy generator is well on its way to reach 1.75-GW capacity target, Welspun said.