Punjab Minister Seeks Funding for Biomass Plants
POWER & RENEWABLE ENERGY

Punjab Minister Seeks Funding for Biomass Plants

Harbhajan Singh, Punjab's Power Minister, has requested Viable Gap Funding (VGF) from the central government to promote biomass-based power plants and address stubble burning by farmers. He noted that the cost of conventional power, including Renewable Energy Certificates for Renewable Purchase Obligation (RPO) compliance, is significantly lower than the tariff of biomass power plants, which is approximately Rs 8 per kilowatt-hour. To enhance the competitiveness of power procurement from biomass power plants for distribution companies (DISCOMs), Singh emphasised the need for VGF from the Government of India.

Additionally, he urged permission to use coal from the Pachhwara coal mine by private thermal plants in Punjab, to alleviate the cost burden on state consumers. Harbhajan Singh also highlighted the need to extend the 30% subsidy for solar pumps to those with 15 HP and above, as they are commonly used for irrigation in Punjab.

Harbhajan Singh, Punjab's Power Minister, has requested Viable Gap Funding (VGF) from the central government to promote biomass-based power plants and address stubble burning by farmers. He noted that the cost of conventional power, including Renewable Energy Certificates for Renewable Purchase Obligation (RPO) compliance, is significantly lower than the tariff of biomass power plants, which is approximately Rs 8 per kilowatt-hour. To enhance the competitiveness of power procurement from biomass power plants for distribution companies (DISCOMs), Singh emphasised the need for VGF from the Government of India. Additionally, he urged permission to use coal from the Pachhwara coal mine by private thermal plants in Punjab, to alleviate the cost burden on state consumers. Harbhajan Singh also highlighted the need to extend the 30% subsidy for solar pumps to those with 15 HP and above, as they are commonly used for irrigation in Punjab.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement