Monday, Mar 17 2025 | Time 11:59 Hrs(IST)
Business EconomyPosted at: Mar 3 2025 5:08PM


Hindustan Power to invest Rs 620 cr in Assam; signs MoU with state Govt

New Delhi, Mar 3 (UNI) An independent power producer with a global portfolio of renewable and transitional electricity generation Hindustan Power on Monday said it has signed an MoU with the Government of Assam to invest Rs 620 crore in cutting-edge power and battery energy storage projects.
The MoU was signed at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati, reinforcing the company's commitment to accelerating sustainable energy solutions.
Aligned with Hindustan Power's ambitious vision of achieving a 5 GW energy portfolio over the next three years, this investment will drive the development of a 100 MW solar power plant alongside a state-of-the-art 100 MW battery energy storage system. The company will invest Rs 500 crore for the solar plant and Rs 120 crore for the battery storage facility, marking a transformative step in Assam’s renewable energy journey.
To be developed in collaboration with the Assam government, these projects will not only enhance the state’s energy infrastructure but also generate employment of more than 5,000 man days, fostering economic growth and employment opportunities.
Commenting on the development, Mr. Ratul Puri, Chairman, Hindustan Power, 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.”
Hindustan Power has pioneered industry standards by developing India’s first 5 MW solar power plant and Asia’s first 30 MW renewable energy project. With a strong presence in both domestic and international markets, the company has successfully executed projects across India, Germany, Italy, Japan, the UK, and the US. By blending innovation with sustainability, it remains at the forefront of the global energy transition, reinforcing its status as a key player in the renewable energy sector, the company said in a statement.
UNI SKB CS1708
Please log in to get detailed story.
Tags: #Hindustan Power to invest Rs 620 cr in Assam; signs MoU with state Govt
More News
Sugar industry experts submit White Paper to Govt

Sugar industry experts submit White Paper to Govt

16 Mar 2025 | 5:36 PM

New Delhi, Mar 16 (UNI) Facing frequent policy interventions and unremunerative sugar and ethanol prices, leading sugar industry think-tank, ChiniMandi, has approached the government seeking its attention on various issues, including aligning the sugar Minimum Support Price (MSP) with sugarcane Fair and Remunerative Price (FRP).

see more..

US policies, geopolitical tensions pose risk to global trade in 2025: UNCTAD

15 Mar 2025 | 4:31 PM

New Delhi, Mar 15 (UNI) Global economic activity is expected to maintain modest momentum in 2025 but international trade faces significant uncertainty with factors such as a shift in US trade policies, global trade imbalances and geopolitical challenges negatively impacting trade growth, UN Trade and Development (UNCTAD) has said in its latest Global Trade Update.

see more..

US policies, geopolitical tensions pose risk to global trade in 2025: UNCTAD

15 Mar 2025 | 4:24 PM

New Delhi, Mar 15 (UNI) Global economic activity is expected to maintain modest momentum in 2025 but international trade faces significant uncertainty with factors such as a shift in US trade policies, global trade imbalances and geopolitical challenges negatively impacting trade growth, UN Trade and Development (UNCTAD) has said in its latest Global Trade Update.

see more..
RBI dismisses market speculations; says IndusInd bank “well-capitalised”

RBI dismisses market speculations; says IndusInd bank “well-capitalised”

15 Mar 2025 | 4:05 PM

Mumbai, Mar 15 (UNI) The Reserve Bank of India on Saturday dismissed market speculations regarding private lender IndusInd Bank and said the bank is “well-capitalised” and the finaicial position of the bank continues to be satisfactory.

see more..

Kottayam-Kochi Rubber Market Rates

15 Mar 2025 | 4:00 PM

Kottayam, Mar 15 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..