Hindustan Power Signs MoU with Assam Govt to invest Rs 620 Crore in Solar, BES Projects

A memorandum of understanding (MoU) was signed by power producer Hindustan Power and the Assam government on Monday, committing the latter to an investment of Rs 620 crore in advanced power and battery energy storage projects.

The MoU was signed at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati, reinforcing the company’s commitment to accelerating sustainable energy solutions.

“Aligned with Hindustan Power’s ambitious vision of achieving a 5 GW energy portfolio over the next three years, this investment will drive the development of a 100 MW solar power plant alongside a state-of-the-art 100 MW battery energy storage system.

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The company will invest Rs 500 crore for the solar plant and Rs 120 crore for the battery storage facility, marking a transformative step in Assam’s renewable energy journey," the company said in a statement.

To be developed in collaboration with the Assam government, it will enhance the state's energy infrastructure and generate employment of more than 5,000 man-days, fostering economic growth and employment opportunities, it said.

Ratul Puri, chairman of Hindustan Power, said, “We are proud that 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 driving 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. I extend my congratulations to our Chief Minister, Dr. Himanta Biswa Sarma Ji, whose visionary leadership has propelled Assam toward remarkable progress, making the state a thriving destination for investment and growth."

 

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