Hindustan Power To Invest Rs 620 Crore In Solar And Battery Energy Storage In Assam

Guwahati: Hindustan Power has sealed a deal with the Government of Assam to advance Rs. 620 crore in power and battery energy storage projects. The Memorandum of Understanding (MoU) was signed at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati on February 25-26.

Associated with Hindustan Power's ambitious vision of attaining a 5 GW energy range over the following three years, this investment is expected to drive the growth of a 100 MW solar power plant together with a state-of-the-art 100 MW battery energy storage scheme. 

The company will invest Rs.500 crore for the solar plant and Rs.120 crore for the battery storage facility. MW battery energy storage defines the power and energy capacity of a Battery Energy Storage System (BESS).

Hindustan Power invests ₹620 crore

To be developed in teamwork with the Assam government, these projects could generate service of more than 5,000 man-days, nurturing financial growth and employment probabilities. 

Hindustan Power Chairman Ratul Puri 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 drive 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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APDCL Chairman Syedain Abbasi, Principal Secretary of Power (Electricity) Department Krishna Kumar Dwivedi, and APDCL MD Rakesh Kumar were present. Hindustan Power has pioneered industry values by developing India’s first 5 MW solar power plant and Asia’s first 30 MW renewable energy scheme. 

With a strong attendance in both domestic and international markets, the company has performed projects across India, Germany, Italy, Japan, the UK, and the US.