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 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.”
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.
