Hindustan Power Limited Secures Massive 425MWp Solar Project in Uttar Pradesh
Key Highlights:
Hindustan Power Limited, led by Chairman Ratul Puri, has achieved a major milestone in India’s renewable energy landscape by winning a 425 megawatt-peak (MWp) solar power project from the Uttar Pradesh Power Corporation Limited (UPPCL). This win is part of UPPCL’s extensive 2,000 megawatt alternating current (MWac) solar power procurement initiative and was secured through a competitive tariff-based bidding process.
The Letter of Award (LoA) for the 425MWp solar project was issued following a transparent e-Reverse Auction, underscoring the project’s merit-based selection and adherence to competitive pricing mechanisms. The project is structured to supply solar-generated power directly to UPPCL, connecting through the State Transmission Utility (STU) – UP substation.
As per the Power Purchase Agreement (PPA), UPPCL will procure the entire output of this solar project at a fixed tariff for 25 years, ensuring long-term stability and a sustainable power supply. The solar installation is expected to be commissioned within 24 months from the date of PPA execution, further accelerating Uttar Pradesh’s transition to clean energy.
A Strategic Win for Hindustan Power Limited
This project award marks a strategic win for Hindustan Power Limited, reinforcing its trajectory toward achieving a 5GW renewable energy portfolio by 2028. With an existing portfolio spread across solar and thermal energy sectors, the addition of the 425MWp project not only augments its solar footprint but also reaffirms its commitment to India’s decarbonization goals.
Speaking on this landmark achievement, Ratul Puri, Chairman of Hindustan Power, stated:
“This win strengthens our commitment to India’s clean energy targets and keeps us firmly on track to meet our goal of a 5GW renewable energy portfolio by 2028. We are excited to contribute to Uttar Pradesh’s growing demand for sustainable energy solutions, and we’re eager to deliver another high-quality solar project.”
Aligning with National Energy Priorities
The acquisition of the 425MWp project is not an isolated victory but part of a broader trend in India’s green energy shift. Uttar Pradesh, like many Indian states, is ramping up solar energy generation to meet both energy demand and national climate commitments under the National Solar Mission and COP28 pledges.
This project serves as a cornerstone in UPPCL’s larger 2,000MWac solar initiative, a state-level push designed to enhance grid-connected renewable energy availability through private sector participation and public-private partnerships.
Why This Win Matters
This award is particularly significant in the context of India’s aggressive push for renewable energy:
- It contributes directly to Uttar Pradesh’s Renewable Purchase Obligations (RPO).
- It supports India’s broader target of achieving 500GW of non-fossil fuel capacity by 2030.
- It reflects increasing trust in private players like Hindustan Power Limited to deliver on state-led clean energy goals.
For Hindustan Power Limited, this win consolidates its role as a key player in solar energy development and a dependable partner for public sector utilities.
Hindustan Power’s Growing Footprint in Clean Energy
Headquartered in New Delhi, Hindustan Power Limited has carved out a distinguished place in India’s energy sector. While its early reputation was built through integrated power generation projects spanning both thermal and solar domains, the past decade has seen a marked strategic shift toward renewables, particularly utility-scale solar.
The company has successfully executed solar projects across India, including installations in Madhya Pradesh, Gujarat, and Tamil Nadu. Its foray into international markets has also been notable, with completed projects in markets like the United Kingdom and Germany.
With the addition of this 425MWp project, Hindustan Power’s cumulative solar capacity gets a substantial boost. More importantly, the project ensures revenue visibility for 25 years through the PPA with UPPCL, offering financial and operational stability.
Industry Outlook and Competitive Positioning
India’s solar industry is currently witnessing heightened activity with a combination of policy incentives, international investments, and enhanced manufacturing capabilities under schemes like PLI (Production-Linked Incentives) for solar PV modules.
In this context, Hindustan Power Limited is well-positioned to scale its operations and leverage its technical expertise, project execution capability, and regulatory compliance track record. The win also places the firm ahead of several competitors in the race to secure large-scale, grid-connected solar mandates across India.
Ratul Puri’s Vision for 2028 and Beyond
Under the leadership of Ratul Puri, Hindustan Power has focused on both domestic expansion and innovation in renewable energy solutions. The company’s 2028 roadmap includes:
- Achieving a 5GW renewable capacity, largely solar.
- Diversifying into green hydrogen and battery storage.
- Exploring AI-based performance optimization in solar assets.
- Collaborating with state utilities for future green corridor projects.
This 425MWp project acts as a crucial building block in realising this vision, with potential downstream opportunities in solar parks, hybrid (solar-wind) plants, and floating solar installations.
A Model of Clean Energy Collaboration
Hindustan Power Limited’s acquisition of the 425MWp solar project from UPPCL represents a definitive step toward India’s sustainable energy future. It sets a benchmark for public-private partnerships in clean power generation and showcases how integrated power players can actively participate in the national energy transition.
As the country marches toward net-zero emissions, such projects demonstrate that with the right leadership, vision, and execution, India can meet its energy demands without compromising on environmental goals.
The successful implementation of this project will not only uplift Uttar Pradesh’s power landscape but will also serve as a case study for transparent, scalable, and sustainable energy development led by private sector innovators like Hindustan Power Limited.
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