PUNJAB BIOMASS POWER LIMITED (PBPL)
The Project involves 9 biomass based Power Projects in various districts in Punjab state. Each of these projects involve the development of a 10-15 MW biomass fuel based power project on a BOO basis. We are currently in the process of setting up the first 2 such projects through PBPL.
The Client for the project is Punjab State Electricity Board (PSEB).
The Partners in the SPV are Gammon and Bermaco Energy Systems Limited (BESL).
Currently, the first two projects (out of nine) are in the process of Financial Closure.
The Power Purchase Agreement for the two projects has been signed for 20 years from the date of commencement of operations.
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