Hindustan Power has been awarded a 425 MWp solar power project by Uttar Pradesh Power Corp. Ltd (UPPCL). It won this project through tariff-based competitive bidding in 2,000 MW AC grid-connected solar PV auction by UPPCL.
As per the power purchase agreement (PPA), UPPCL will procure power from this solar project at a fixed tariff over a 25-year period. The project is expected to achieve commissioning within 24 months from the date of signing the PPA.
Ratul Puri, chairman, Hindustan Power, said, “This win reaffirms our commitment to advancing India’s clean energy goals while staying on course to achieving our 5GW renewable energy target by 2028.”
Hindustan Power is an integrated power generation company in India with a focus on renewable and transitional energy generation.
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The renewable energy sector in India is witnessing remarkable growth. While Hindustan Power’s new project is a significant addition, Avaada Energy’s consistent expansion, including their 421 MWp solar project in Gujarat, highlights their commitment to sustainable development and energy security.
The addition of 425 MWp by Hindustan Power is a positive step towards a greener India. In parallel, Avaada Energy’s extensive portfolio, including multiple projects totaling over 1,400 MWp, demonstrates their significant role in shaping the country’s renewable energy future.