Hindustan Power has signed a Memorandum of Understanding with the Government of Assam to invest Rs 6.2 billion in solar power and battery energy storage projects. This investment aligns with the company’s long-term strategy to strengthen its renewable energy portfolio.
As part of its goal to build a 5,000 MW energy portfolio within the next three years, Hindustan Power will allocate Rs 5 billion for the development of a 100 MW solar power plant and Rs 1.2 billion for a 100 MW battery energy storage system in Assam. These projects, undertaken in collaboration with the Assam government, are expected to enhance the state’s energy infrastructure while generating over 5,000 man-days of employment, contributing to economic growth and job creation.
Hindustan Power is an independent power producer that operates in power generation, power trading, EPC, and development and renewables across thermal, solar, hydro and mining vertical markets.
