Punjab to solarise 100,000 agricultural tube-wells

15 Sep 2022 CW Team

To ensure greater use of clean energy in agriculture, the Punjab government has decided to solarise 100,000 existing electric tube-wells, the state’s Minister for New and Renewable Energy Sources Aman Arora said this week.

He said the project would save around Rs 2 billion per annum in power subsidy, besides helping to conserve natural resources. "The energy sector is transitioning in an unprecedented way, and this revolutionary step will pave the way to ensure cheaper and green energy," the minister said. With the implementation of this project, Punjab will get four major benefits - reducing the burden of subsidy on the exchequer, reducing the demand for power supply, cutting the input cost in agriculture, and saving the environment by replacing conventional power with the solar energy.

He said Punjab Energy Development Agency (PEDA) has already invited e-bids for selection of solar power generators for feeder-level solarisation of 25,000 grid connected agricultural pumps.

The government provides free power to 13.88 lakh farmers of the state for their grid-connected tube-wells for irrigation, and bears the expenditure of approximately Rs 70 billion as subsidy being paid to the Punjab State Power Corporation Ltd (PSPCL). The minister said the Union Ministry of New and Renewable Energy has accepted the proposal and the allocated the target of 100,000 pumps.

Arora said presently the agriculture power tariff is Rs 5.66 per unit and after solarisation of these tube-wells the rate per unit would be much lower, resulting in saving the government Rs 2 billion annually.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..