Punjab Energy Development Agency was formed in Sept. 1991 as a state nodal agency for promotion and development of Renewable Energy Programmes/ Projects and energy conservation programme in the state of Punjab. PEDA is registered as a Society under the Societies Act of 1860. Punjab Energy Development Agency under the Department of New and Renewable Energy, Govt. of Punjab is the State Nodal Agency for promotion and development of New and Renewable Energy (NRSE) Projects and Energy Conservation measures.

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The Punjab Genco Ltd., a generating company (formerly known as Punjab Renewable Energy Development & Punjab Genco Ltd a wholly owned company of Punjab Energy Development Agency) was formed to meet with the statutory requirements of Electricity Supply Act, 1948 for power generation. The main objectives of the Company are as under: • To identify the projects based on new and renewable energy fuels, prepare techno-economic feasibility reports and identify and select suitable investors for implementation of such projects.

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