Govt pins hopes on new green policy to attract investment
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The New and Renewable Energy Policy-2012, which was approved by the Punjab cabinet on Sunday, is likely to attract an estimated investment of Rs 18,000 crore besides providing employment to over 25,000 youth.
Non-Conventional Energy Minister Bikram Singh Majithia said that the policy will not only change the energy scene of Punjab but also generate more employment avenues. "Besides attracting large investments, it will also generate 10 per cent of the total power installed capacity, thus, bridging the gap between demand and supply," he said, adding that the policy is also an alternative to conventional power generation in view of depleting minerals and other natural resources.
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