: The Punjab State Power Corporation Limited (PSPCL) has floated tenders to purchase 2000 MW solar power for the next 25 years equally from within Punjab and outside to fulfil the renewable purchase obligation and meet future electricity requirements through economical and sustainable means.
As per the Indian Electricity Act, renewable purchase obligation mandates that all electricity distribution licensees should purchase or produce a minimum specified quantity of their requirements from renewable energy sources.
The PSPCL will procure 1000 MW solar power from within Punjab, while another 1000 MW will be purchased from outside the state. The two projects are designed to maintain reliability of the power grid through home generation and bringing power from outside.
