Hindustan Power Secures Major Solar Project in Punjab

Hindustan Power has won a 100 MW solar project from Punjab State Power Corporation Limited. The project involves a 25-year power purchase agreement and aims to support clean energy supply in Punjab. It reflects the company's commitment to expanding its renewable energy footprint in India.

Hindustan Power announced on Thursday its acquisition of a 100-megawatt solar project from the Punjab government. This opportunity was secured through a competitive bidding process and a subsequent e-reverse auction, highlighting the company's strategic position in the renewable energy sector.

The project involves a 25-year power purchase agreement with Punjab State Power Corporation Limited, emphasizing a long-term vision for clean energy supply in the state. Ratul Puri, Chairman of Hindustan Power, stated this venture underscores Punjab's importance as a key market for sustainable energy solutions.

Expected to be operational within 24 months from the agreement's start date, this development reinforces Hindustan Power's commitment to contributing to a cleaner energy mix in Punjab. The company remains a leader in India's renewable energy landscape, focusing on both renewable and transitional energy sources.