Punjab Energy Development Agency (PEDA) in India has invited bids for setting up 500 MW of solar power projects in the state.
The bids have been invited as part of the Solar PV Power Projects in Punjab under Phase-III.
Developers of the project can bid between 50 MW to maximum 150 MW of the project with a for 25 years power purchase agreement with the State power utility.
PEDA has already identified 6,000 acres of land that will be allotted for the project owned by which village Panchayats and private land owners. The land will be taken from those who are willing to give it for the development of the solar project in the state.
The selected developers will also be given an option to work with the landowners for the project with the terms and conditions agreed by both the parties.
PTI cited Punjab Renewable Energy Minister Bikram Singh Majithia as saying that developers will have an option to put up the entire capacity at a single location or maximum 10 locations with minimum capacity of 5 MW.
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By GlobalDataMajithia added that the state has taken major step towards solar power generation capacity, which increased, from 9 MW in 2012 to 206 MW in 2015.
The Indian state reportedly receives sunshine almost 300 days in a year, making it suitable for solar energy projects.
