Hindustan Power Secures 100 MW Solar Project from Punjab State Power Corporation Limited in Punjab

Hindustan Power has secured a 100 MW AC solar power project from Punjab State Power Corporation Limited, marking a significant addition to its renewable energy portfolio in India.

The project was awarded through a tariff-based competitive bidding process, followed by a successful e-reverse auction conducted on the ETS portal. It is expected to involve the installation of approximately 140–150 MWp of solar capacity.

Under the agreement, Hindustan Power will sign a 25-year Power Purchase Agreement (PPA) with PSPCL, ensuring long-term revenue visibility while contributing to the supply of clean energy in Punjab. The project is scheduled to be commissioned within 24 months from the effective date of the PPA.

The development strengthens the company’s footprint in Punjab, a key market with growing demand for reliable and sustainable power, while aligning with its strategy to scale renewable energy capacity across the country.

Ratul Puri said the project reflects the company’s focus on participating in competitive bids that align pricing discipline with execution capability. He noted that the initiative will help add high-quality assets to its portfolio while supporting long-term value creation.

He further highlighted that the long-term PPA provides a stable investment framework, enabling efficient project execution and consistent operational performance over its lifecycle.

With this project, Hindustan Power continues to expand its diversified renewable energy pipeline, reinforcing its commitment to disciplined growth and contributing to India’s broader transition toward clean energy.