Punjab State Power Corporation Limited (PSPCL) on Wednesday signed an agreement with a distillery for buying 6.5 MW electricity from its biomass project.
Under this arrangement, PSPCL would buy 6.5 MW of power for next 25 years from the company, PSPCL chairman cum managing director K D Chaudhri said.
While addressing 92 new candidates who joined PSPCL as assistant engineer, assistant manager here today, he said a sum of Rs 3,500 crore would be spent on upgradation of power infrastructure in next two years in Punjab while state would turn power surplus in 2014.
NV distilleries and breweries would produce 10 MW of power by using biomass as fuel and this plant located at Rajpura is expected to be commissioned next month with an investment of Rs 50 crore.
On the distribution side he pointed out that aggregate technical and commercial losses of PSPCL are second lowest in the nation, behind only Andhra Pradesh.