Scheme for NRIs to lease land for solar projects soon: Majithia | punjab | Hindustan Times
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Scheme for NRIs to lease land for solar projects soon: Majithia

Punjab revenue and renewable energy minister Bikram Majithia has said that to safeguard the ancestral property of Non-resident Indians (NRIs), the state government would soon come up with a land lease scheme under which they could give their land on lease for solar energy projects for 27 years.

punjab Updated: May 13, 2015 00:10 IST
HT Correspondent
Jalandhar

Punjab-cabinet-minister-Bikram-Singh-Majithia-HT-photo

Punjab revenue and renewable energy minister Bikram Majithia has said that to safeguard the ancestral property of Non-resident Indians (NRIs), the state government would soon come up with a land lease scheme under which they could give their land on lease for solar energy projects for 27 years.

The minister, in Jalandhar to inaugurate a solar power plant in Lallian village, said, "If NRIs lease their land, there would be no scope of illegal possession or change in revenue record, the most common problem faced by them. The Punjab Energy Development Authority (PEDA) would act as a mediator between two stakeholders. Under the current proposal, NRIs would get 5% enhancement per annum on their lease fee and this makes it a lucrative business proposal," said Majithia, addressing the gathering after inauguration of the solar plant.

"At present, NRI who are interested in keeping their land in their hands fear while giving it to farmers on contract. The Punjab government would ensure that the land is secured in the name of the NRI," said Majithia.

He added that NRIs could also adopt the net metering policy of PEDA in which they can generate their own electricity by installing solar panels on their rooftops when they are away. They can easily bank it with PSPCL and use it when they come back to India.

Majithia said India's largest rooftop plant of 7.50 MW at Radha Soami Satsang at Beas (Amritsar) would be expanded to 31.5 MW which would make it the world's largest rooftop PV plant. The minister also requested the managements of other religious place to install rooftop solar power plants on their premises.

Earlier, accompanied by education minister Daljit Singh Cheema the minister also launched a 'State Energy Conservation and Efficiency Campaign' at Lovely Professional University that aims at achieving energy saving of 20% in the domestic sector in five years. "Under the initiative, as many as 40 lakh school students would be made energy auditors over the next three years," said Majithia.

He said that renewable energy is fast emerging as an emerging sector for NR's due to investor-friendly policies of Punjab with more than Rs 1,500 crore worth of investment in solar energy fructifying in last three years with atotal generation capacity of 225 MW.

Under the current proposal, NRIs would get 5% enhancement per annum on their lease fee and this makes it a lucrative business proposal.

Bikram Majithia, Punjab renewable energy minister