Punjab deputy chief minister Sukhbir Singh Badal laid the foundation stone of the 34-MW solar-based power project, to be set up by Azoor Energy Pvt Ltd, at Panjawa village in Lambi constituency on Monday.
The memorandum of understanding (MoU) for the project was signed at the Progressive Punjab Investors' Summit last month.
Speaking on the occasion, Sukhbir said MoUs worth Rs 65,000 crore had been signed during the summit, which was aimed at attracting massive investments by top business houses from India and abroad.
The Punjab government has also issued allotment letters to 26 companies for setting up 250-MW solar energy projects, including the Panjawa project at a cost of Rs 350 crore, he said.
Sukhbir claimed that the state government had formulated an extensive action plan to set up pollution-free energy plants. Under this plan, 26 companies have signed the required documents with the government. The projects would be commissioned in the state from June to December 2014.
The deputy CM said 10-MW energy was being produced by solar-based energy projects in Punjab, including the plant set up by the Punjab Energy Development Agency (PEDA) at Phulokheri in Bathinda district, while a total of 600 MW was being produced by non-conventional energy sources.
He said adequate attention would be paid to achieve the target of producing 1,000-MW solar energy, 600 MW from agro waste/paddy straw, 250 MW from mini hydel projects and 50 MW from solid waste material from urban areas.
Harkanwal Singh Wadhwa, chairman, Azoor Pvt Ltd, Inderjit Singh Wadhwa, CEO, and co-founder Preet Sandhu were also present on the occasion. Harkanwal Wadhwa said the plant which was being set up on 170 acres would be completed within five months and 800 people would be given direct employment.
Meanwhile, replying to a query on Punjab Congress president Partap Singh Bajwa, Sukhbir said, "Everybody knows about Bajwa's shady and suspicious background. He has been shielding drug mafia in the state because of his unscrupulous affinity to them."