Punjab new and renewable energy minister Bikram Singh Majithia on Wednesday said the state government was all set to introduce Punjab Energy Development Authority (PEDA)-approved land lease policy for farmers for setting up of renewable energy projects in its endeavour to provide clean and green-energy solutions.
Presiding over a function after inaugurating a 4 megawatt (MW) solar power plant set up by Israel-based Focal Energy Limited, Majithia said under this scheme PEDA would safeguard the interests of farmers and ensure they get more lease value for their land as compared to market rates with yearly increment of six per cent.
“The project envisages to create farmer entrepreneurs as well as supplementing income sources of the farming community,” he said. The PEDA will facilitate setting up of projects related to renewable sources of energy on farmer-owned land wherein private investors will take the land on lease from farmers for a period of 25 years.
He said as per another scheme, the PEDA would also allow farmers to set up solar plants of a minimum capacity of 1 MW and maximum of 2.5 MW. He said farmers had already evinced keen interest in this scheme and applications had been received to set up projects in 2,000 acres of land. Majithia said he had set a target of increasing the percentage of renewable energy in the total energy generated in the state to 15 per cent.