In order meet power demand in next 25 years in the state, Punjab government will design New Energy Policy to meet the increasing power demands of every sector of the state.
Punjab’s Deputy Chief Minister Sukhbir Singh Badal while addressing industrialists at a function here today said that Punjab will be power surplus by the end of this year after the commissioning of three thermal plants but the state government was not getting complacent with this achievement. “Though these three thermal plants will take care of Power demand of next ten years but SAD-BJP Government was planning New Energy Policy to meet the demand of at least next 25 years,” Sukhbir Badal said.
Sukhbir said that the new energy policy besides traditional sectors of thermal power will also focus on power generation from gas, hydel resources and with increasing focus on New Energy Sectors like Solar, Biomass and Wind. “Punjab government is contemplating to generate 1000 MW power from Solar Sector and contemplating a new model of partnership with multinational companies in this. It would be a win-win situation for all stakeholders and within next 4 years, we will be able to rate of power substantially down,” Badal said.
Badal further stated that the launch of Investment Promotion Policy was getting postponed because he was personally going into the minutest details. “New Policy was going for self certification and self-attestations by the industrialists rather than imposing bureaucratic controls,” Badal said adding that like Income Tax Returns they would scrutinize 10% cases and move with the total faith on the applicant.