Welspun announces MoU with Punjab to build solar power project

The project will have a capacity of 150 Mw

Welspun Energy Limited (WEL) on Wednesday announced a Memorandum of Understanding with the Punjab government to set up solar power project of 150-MW capacity. WEL will invest over Rs 1,300 crore for setting up this solar project over the next three years. WEL is already developing a 35 (DC) MW solar project in the state.

This 150-MW project is slated to begin commercial operations by 2017. The Photovoltaic project will supply clean energy to power 0.72 million families. With the commissioning of this project, an estimated 24,96,602 tonnes of carbon dioxide emissions will be mitigated each year.

Presently, Punjab has an installed solar capacity of 9 MW. The state government is aggressively working towards increasing its dependence on non-conventional sources of energy for power generation. As a part of these efforts, the state awarded projects to 26 private players for setting up of 250-MW solar power units in 2013.