by Punjabnewswire4u (Balbir)
CHANDIGARH, AUG 8
The Punjab Government today announced
the most attractive package for renewable energy investors under the new and renewable energy policy 2012 announced today.
Giving the details of new policy, The Non Conventional
Energy Minister of Punjab Mr Bikram Singh Majithia said that to meet the
increasing demand of clean energy and to reduce the burden on conventional
energy resources, the Punjab Government has announced the various incentives
for the renewable energy projects to be set up in the state.
Talking about the announced incentives, The Minister
said that the Punjab Government would provide wheeling and banking facilities to the
investors. Besides that the Punjab Government has decided to provide 50 %
exemption on electricity duty on the power used during construction period by
the investors. He also said that 100% entry tax exemption would also be given
to the project holder in respect of all supplies made by setting up of the New
Renewable Energy Projects. Besides that the Government has also announced VAT
exemption on equipments required for these projects, he added. The Minister
further said that Government land, if available would be provided on lease for
a period of 38 years having no CLU, EDU
and any other fees for setting these projects.
He said that with that incentives Punjab
would be able to promote investment through Private/Public sector partnership
in the areas of Mini Hydel projects, co-generation, Biomass, Solar Energy, Wind
Power etc for systematic and faster development of renewable energy sources in
the state. He said that the Punjab Government has set a target of 1000 MW power
production from Non Conventional Energy projects till 2017.
He
further said that the State Government would provide the all clearances in a
time bound manner through a single window system mechanism within a period of
60 days. He further said that solar power projects less than 5 MW capacity
would be exempted from obtaining any NOC/consent under Pollution Control Laws
from the PPCB.
Mr Majithia said that Punjab
was facing a big problem of Rice Straw, which was burnt in the fields by the
farmers across the state causing a great depletion of environment. He said that
presently Punjab has a more than 27 Lac Acres
area under Rice cultivation which produced 21 Lac MT rice straw which can be
used as a raw material in Biomass Plants. He said that to attract the giant
players of Biomass sector , the Punjab Government has offered highest tariff across the country , Rs 5.83 Per Unit to
purchase the power generated by the Biomass plants situated in the state. He
said that presently Andhra Pradesh has offered Rs 5.18, Haryana Rs 5.65,
Maharashtra Rs 5.74, Rajasthan Rs 5.16, TamilNadu Rs 5.12, UP Rs 5.24 Per Unit
to purchase the power from Biomass Plants.
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