Hindustan Power Inks ₹620 Cr MoU with Assam Govt for Solar and Battery Storage Projects

Hindustan Power, led by Chairman Ratul Puri, has signed a Memorandum of Understanding (MoU) with the Government of Assam to invest ₹620 crore in renewable energy projects, including a 100 MW solar power plant and a 100 MW battery energy storage system. The agreement was formalized at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati.

The investment aligns with Hindustan Power’s goal of achieving a 5 GW energy portfolio within the next three years. The company will allocate ₹500 crore for the solar plant and ₹120 crore for the battery storage system, aiming to strengthen Assam’s energy infrastructure while generating over 5,000 man-days of employment.

Ratul Puri emphasized Hindustan Power’s longstanding commitment to Assam’s renewable energy growth, recalling the company’s development of the state’s first large-scale solar power plant in 2016. “Assam’s dynamic landscape offers immense opportunities, and we are excited to deepen our commitment to its renewable energy ambitions,” he stated. He also credited Assam Chief Minister Dr. Himanta Biswa Sarma for fostering an investment-friendly environment in the state.

The signing ceremony was attended by senior officials, including Assam Power Distribution Company Limited (APDCL) Chairman Syedain Abbasi, IAS; Principal Secretary of the Power (Electricity) Department Dr. Krishna Kumar Dwivedi, IAS; and APDCL Managing Director Rakesh Kumar, IAS.

Hindustan Power has a strong presence in the renewable energy sector, having pioneered India’s first 5 MW solar power plant and Asia’s first 30 MW renewable energy project. The company has also executed projects in Germany, Italy, Japan, the UK, and the US, reinforcing its role in the global energy transition.

The MoU marks a significant step in Assam’s renewable energy development, further positioning the state as a key player in India’s clean energy sector.