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. The projects are provided financial & fiscal assistance by PEDA under the NRSE Policy 2012 of the Govt. of Punjab. Also, Punjab State Electricity Regulatory Commission has designated PEDA as the Nodal Agency for the purposes of the REC Regulations and monitoring of Renewable Purchase Obligation (RPO) in the State of Punjab. In addition, PEDA is the State Designated Agency for Energy Efficiency and Conservation under the Energy Conservation Act 2001 by Bureau of Energy Efficiency, Ministry of Power.

INCENTIVES UNDER THE NRSE POLICY 2012:

Punjab facilitates the setting up of RE Projects on Build Own Operate basis under the NRSE Policy-2012. A slew of incentives are provided to the interested developers to invest and setup RE projects and the major incentives includes:-

• 100% Stamp Duty exemption both on land purchase/lease.
• CLU & EDC charges exempted.
• 100% Electricity Duty Exemption on power consumed during construction of NRSE Projects.
• 100% Exemption on Pollution & Environment Clearance on Solar Projects.
• Wheeling of RE power at a uniform charge of 2% of the energy fed to the grid under Intra-State Open Access.
• Panchayats land can be provided on lease for setting-up of NRSE projects.