Hindustan Power is set to invest Rs 620 crore in solar and battery energy storage projects in Assam. This commitment was formalized through a Memorandum of Understanding (MoU) signed with the Government of Assam during the Advantage Assam 2.0 Investment and Infrastructure Summit held in Guwahati. The investment will facilitate the development of a 100 MW solar power plant and a 100 MW battery storage system, generating over 5,000 man-days of employment.
Ratul Puri, Chairman of Hindustan Power, expressed pride in the company being the first to establish a large solar power plant in Assam back in 2016. He emphasized the company’s ongoing commitment to driving Assam’s growth in the renewable energy sector. Puri noted, “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.”
The investment will allocate Rs 500 crore for the solar power plant and Rs 120 crore for the battery storage facility, marking a significant advancement in Assam’s renewable energy initiatives. This collaboration with the Assam government aims not only to enhance the state’s energy infrastructure but also to foster economic growth and create substantial employment opportunities.
Hindustan Power has successfully completed projects across various countries, including India, Germany, Italy, Japan, the UK, and the US, and is poised to continue its expansion in the renewable energy sector.
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