Hindustan Power signs INR 620-crore solar, storage MoU with Assam

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Ratul Puri’s Hindustan Power has signed a Memorandum of Understanding (MoU) with the Government of Assam to invest INR 620 crore in solar power and battery energy storage projects. The MoU was signed at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati.

Hindustan Power targets 5 GW energy portfolio over the next three years. The investment in Assam will drive the development of a 100 MW solar power plant alongside a 100 MW battery energy storage system. Hindustan Power will invest INR 500 crore for the solar plant and INR 120 crore for the battery storage facility.

The projects will be developed in collaboration with the Assam government.

Ratul Puri, chairman, Hindustan Power, said, “Hindustan Power was the first company to develop a large solar power plant in Assam in the year 2016, and the company remains committed to drive the state’s journey of growth in the new era of renewable energy. Assam’s dynamic landscape presents incredible opportunities, and we are excited to deepen our commitment to the state, harnessing its vast potential and contributing to its ambitious renewable energy goals.”

Hindustan Power developed India’s first 5 MW solar power plant and Asia’s first 30 MW renewable energy project. The company has executed projects across India, Germany, Italy, Japan, the UK, and the US.

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