The Punjab State Power Corporation Limited (PSPCL) has taken a significant stride towards ensuring ample daytime power supply to farmers. In its Annual Revenue Requirement (ARR) petition filed with the Punjab State Electricity Regulatory Commission (PSERC), PSPCL outlines plans for increased solar and non-solar renewable energy (RE) supply in the upcoming year, providing more affordable power during peak sunlight hours.
Solar Power Surge
PSPCL anticipates an additional 3,622 million units from various new solar projects. Within Punjab, solar plants accounting for 354 MW, and those outside Punjab totaling 2,150 MW, contribute to a robust solar power availability of approximately 8,025 million units in the next financial year.
Cost-Effective Energy Rates
For the solar projects scheduled for 2024-25, PSPCL reveals energy rates ranging from Rs 2.65 to Rs 2.75 per unit for in-state solar plants. The purchase rates for solar plants located outside Punjab are expected to range between Rs 2.33 and Rs 2.55 per unit.
Abundant Renewable Power
In addition to solar energy, the ARR details that non-solar power from various sources will contribute 3,397 million units, resulting in a total of 11,422.33 million units of renewable power. The move is expected to yield substantial savings for PSPCL and ensure ample power supply during high-demand daylight hours.
Positive Impact on Cost of Power Purchase
A senior PSPCL official highlights that securing clean and affordable renewable energy for the upcoming year will significantly reduce the overall cost of power purchase. This strategic move aligns with PSPCL’s commitment to providing consistent and cost-effective power to meet the agricultural demands of the region.
Fulfilling Agricultural Power Needs
With over 13.94 lakh tubewells in Punjab, a crucial source for irrigating fields, the initiative directly supports the agricultural sector. By supplying power during the critical paddy and wheat seasons, PSPCL continues to play a pivotal role in sustaining agriculture in the region.
Source：tribuneindia.com
