Solar Summit Punjab 2015
The wave of SolarPunjab is trending all over the nation. The project needs no introduction as the dreamof One has now became the dream of Many. In the same context Punjab Government is all set to host the first ever Solar Power Summit 2015 in Chandigarh on July 23, 2015.
Chandigarh, India, July 22, 2015 (Newswire.com) - The special Summit would bring the intended entrepreneurs, investors and stakeholders to a commonplatform. Bigwigs from the industrial sector are expected to join the mega event. The aim of Solar Power Summit-2015 is to bring Solar energy as a new revolution. It believes that future belongs to Solar Power, Green Energy and Sustainable Lifestyle. Punjab is geared up to take giant steps with this Summit. The New and Renewable Energy Minister, Bikram Singh Majithia, connoted as the youngest ever minister in Punjab is the brainchild behind this massive revolution. He is the one who has dreamed to make Punjab a solar state and the state is now in sniffing distance from realizing it.
The dream comprises persuading picks for the investors in the project and for the farmers who can now become the entrepreneurs while selling up the extra energy at assured rates to Punjab State Power Corporation and supplement their incomes. The developers are now taking up the land on lease to save on costs. This is the best way to help out the farmers as to extend alternate source of incomes and the lease money is assured for 25 years! The newly introduced Village Panchayat land Policy in Punjab allows 33 years lease of village Panchayat land with 5 per cent escalation on year basis (wow!). The investors, hailing from different parts of the world, find Punjab fit for the future prospective or investment. The secretary of New & Renewable Energy monitors the project weekly while the appointed Minister holds meetings with developers every month.
The PEDA (Punjab Energy Development Agency) Policy suggests generating power through renewable energy sources to reduce the demand and supply gap for power. This policy includes mini/micro hydro, biomass power, municipal and urban waste, and most importantly solar energy projects. These projects are to be set up and facilitated within no time. Other notified and innovative policies include NRSE Policy, Net Metering Policy, and Village Panchayat land Policy in 2014. Another exciting benefit of the Solar Power Project is the exemption of any sorts of
Registration and Stamp Duty charges on purchase/lease of land. Even, the change of Land use charges is also exempted! Pollution clearance is relieved; State Entry Tax on NRSE equipment is exempted, 25 years Power Purchase Agreement with Punjab State Power Corporation Limited which has B+ rating, provisions of LC and Escrow accounts in PPA, no parallel operation charges, 100% VAT exemption, 100% Electricity Duty exemption, and Property Tax exemption for 10 years. Now that’s really a big time relief to any investor!
Top entrepreneurs and executives from prominent companies like Punj Lloyd Limited, Welspun Renewables Limited, Essel Infra Projects Limited, Solairedirect Energy India Private Limited, , Azure Power India Limited, International Switchgears Private Limited, Madhav Solar Private Limited, Northstar Solar Power Private Limited, IK Energy Private Limited, Aditya Medisales Limited from Sun Pharma
Group, Focal Energy India Private Limited, Nextgen Solux Power Private Limited, Atma Power Private Limited, Abundant Ventures LLC, T.R. Energy & Agro Private Limited, Earth Solar Private Limited, Allianz Eco Power Limited and Mokia Green Energy Private Limited are named in the watch-out list of attendees to Solar Power Summit 2015.
Punjab has recently bagged another major recognition of the world’s single largest rooftop plant of 7.5 MW capacity which has been set up at Beas in Amritsar district at a cost of whopping Rs 200 crore. Now the next imminent initiative constitutes the rooftop solar PV plants at 120 police stations throughout the state!
The pros of Solar Energy include the significant generation of eco-friendly, green and clean energy. Consumer becomes the generator for his own power requirements. It provides the non-stop supply of power. There would be no pollution and the healthy environment across. It helps in reducing global
warming. It saves the valuable and limited fossil fuels like coal and petroleum. It protects the future of
forthcoming generation too.