Hindustan Power, led by Ratul Puri, has secured a significant 425MWp solar power project from Uttar Pradesh Power Corporation Limited (UPPCL). This project is part of UPPCL’s ambitious 2,000MWac grid-connected solar initiative, won through a competitive tariff-based bidding process. This victory further propels the company toward its goal of achieving a 5GW renewable energy portfolio by 2028.
The Letter of Award (LoA) was issued to Hindustan Power after a fair and transparent e-Reverse Auction. The solar project will be delivering power to UPPCL through a connection point at the STU – UP substation. Under the Power Purchase Agreement (PPA), UPPCL will purchase power from this solar project at a fixed tariff for the next 25 years. The project is set to be commissioned within 24 months from the PPA signing.
Ratul Puri, Chairman of Hindustan Power, commented on this significant achievement, saying, “This win strengthens our commitment to India’s clean energy targets and keeps us firmly on track to meet our goal of a 5GW renewable energy portfolio by 2028. We are excited to contribute to Uttar Pradesh’s growing demand for sustainable energy solutions, and we’re eager to deliver another high-quality solar project.”
Hindustan Power has been at the forefront of India’s renewable energy sector, and this new 425MWp solar project further solidifies its position in the rapidly growing solar market. With this win, the company continues to play a pivotal role in India’s transition to cleaner, greener energy solutions. As one of India’s leading integrated power generation companies, Hindustan Power remains committed to sustainability and innovation, contributing significantly to the nation’s energy transformation.
