Hindustan Power has entered into a Memorandum of Understanding (MoU) with the Government of Assam to invest INR 620 crore in solar energy and battery storage projects. The agreement was signed at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati.
As part of its expansion plan, Hindustan Power aims to develop a 5 GW energy portfolio over the next three years. The planned projects in Assam include a 100 MW solar power plant and a 100 MW battery energy storage system, with INR 500 crore allocated for the solar plant and INR 120 crore for the storage facility. These initiatives will be developed in collaboration with the state government.
Ratul Puri, Chairman of Hindustan Power, commented, “We were pioneers in developing a large solar power plant in Assam back in 2016, and we remain dedicated to supporting the state’s transition to renewable energy. Assam’s growing potential offers significant opportunities, and we look forward to playing an integral role in advancing the state’s renewable energy ambitions.”
Hindustan Power has a history of notable projects, including India’s first 5 MW solar plant and Asia’s first 30 MW renewable energy project. The company has undertaken numerous projects globally, including in Germany, Italy, Japan, the UK, and the US.
Hindustan Power is a prominent player in India’s energy sector, with a focus on the generation, transmission, and distribution of power. Established with the aim of addressing the country’s growing energy demands, the company has made significant strides in both conventional and renewable energy sources.
Hindustan Power has developed and operates a number of thermal, solar, and hydroelectric power plants across India, contributing to the country’s energy security and sustainability goals. The company is committed to adopting advanced technologies and sustainable practices in its operations, ensuring a balance between growth and environmental responsibility. With its strategic investments and focus on renewable energy, Hindustan Power continues to play an essential role in India’s transition towards a greener and more resilient energy future.
