The Punjab government is planning to install solar power projects with a total capacity of 300 MW in the state.
These projects include 200 MW canal-top solar photovoltaic (PV) power projects and 100 MW floating solar PV power projects on the reservoirs and lakes. The proposed 200 MW canal-top solar project would be installed in a phased manner, under which 50 MW would be installed in the first phase, while projects of remaining capacity would be installed in subsequent phases. These projects will be executed in build, operate and own mode by the Punjab Energy Development Agency (PEDA). The cost of the canal-top solar PV projects and floating solar PV projects is expected to be around Rs 50 million per MW and Rs 48 million per MW respectively, after taking into consideration 20 per cent viability gap funding,.