Hindustan Power Secures 100-MW Solar Project in Punjab
Hindustan Power gets 100-MW solar project from Punjab government
Mint
Image: Mint
Hindustan Power has been awarded a 100-megawatt solar project by the Punjab government, following a competitive bidding process. The project, to be developed in Punjab, includes a 25-year power purchase agreement, supporting the state's clean energy supply and expected to be commissioned within 24 months.
- 01Hindustan Power has secured a 100 MW solar project from the Punjab government.
- 02The project was awarded through a competitive bidding process and e-reverse auction.
- 03A 25-year power purchase agreement will provide revenue stability.
- 04The project aims to enhance Punjab's clean energy supply.
- 05Commissioning is expected within 24 months.
Advertisement
In-Article Ad
Hindustan Power has announced the acquisition of a 100-megawatt (MW) solar project from the Punjab government, awarded through a competitive bidding process and an e-reverse auction. The project will be developed in Punjab and includes a 25-year power purchase agreement (PPA) with Punjab State Power Corporation Limited, ensuring long-term revenue visibility for the company. Ratul Puri, Chairman of Hindustan Power, emphasized Punjab's significance as a market with a steady demand for reliable and clean power. The project is expected to be commissioned within 24 months from the effective date of the PPA, contributing to the state's energy mix and strengthening Hindustan Power's operational presence in the region.
Advertisement
In-Article Ad
The project will enhance the availability of clean energy in Punjab, potentially reducing electricity costs for consumers and supporting local energy needs.
Advertisement
In-Article Ad
Reader Poll
Do you support increased investment in renewable energy projects in Punjab?
Connecting to poll...
More about Punjab State Power Corporation Limited
Read the original article
Visit the source for the complete story.