Mumbai, March 7 -- Ratul Puri's Hindustan Power has signed an MoU with the Assam government to invest Rs 6.2 billion in solar and battery energy storage projects. The agreement was formalised at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati, reinforcing the company's goal of building a 5 GW energy portfolio within three years.
The investment will fund a 100 MW solar power plant (Rs 5 billion) and a 100 MW battery storage system (Rs 1.2 billion). Developed in collaboration with the state government, these projects will enhance Assam's energy infrastructure while generating over 5,000 man-days of employment.
Chairman Ratul Puri highlighted Hindustan Power's commitment to Assam, recalling its role in setting up the state's first large solar power plant in 2016. He praised Chief Minister Himanta Biswa Sarma's leadership in making Assam a key investment destination.
Hindustan Power, known for pioneering India's first 5 MW solar plant and Asia's first 30 MW renewable project, has a global footprint spanning Germany, Italy, Japan, the UK, and the US. The company continues to drive innovation in renewable energy, reinforcing its leadership in the sector.
Published by HT Digital Content Services with permission from Construction World.