Assam Government Signs Rs. 620 Crore MoU with Hindustan Power for Renewable

In a significant step toward bolstering Assam’s renewable energy landscape, the Assam Government on Wednesday signed a Memorandum of Understanding (MoU) with Hindustan Power Projects Private Limited (HPPPL), a leading Indian power producer, to invest Rs. 620 crore in cutting-edge energy infrastructure. The agreement, formalized during the Advantage Assam 2.0 summit, allocates Rs. 500 crore for a 100 MW solar project and Rs. 120 crore for a 100 MW Battery Energy Storage System (BESS) project, with a direct employment requirement of 5000 man days for each project. The production is slated to begin in 2028. This collaboration underscores Assam’s commitment to sustainable growth and economic self-reliance.

Hindustan Power Projects Private Limited, headquartered in New Delhi and chaired by Ratul Puri, brings a wealth of experience to the partnership. Previously known as Moser Baer Projects Pvt. Ltd., HPPPL has grown into a powerhouse across thermal, renewable, and hydro energy sectors, with assets valued at approximately ₹14,500 crore. Its renewable division, Hindustan Cleanenergy, is India’s largest solar power developer, boasting milestones like the nation’s first 5 MW solar farm and Asia’s inaugural 30 MW solar project. The company’s global reach extends to solar ventures in Germany, Japan, and the U.S., reflecting its expertise in sustainable energy solutions. 

Ratul Puri, Chairman of HPPPL, hailed the MoU as a testament to Assam’s growing appeal as an investment destination, noting, “We are proud to partner with the Assam Government in this transformative venture, which not only strengthens our commitment to renewable energy but also positions Assam as a leader in India’s sustainable future. This investment reflects our belief that clean energy is key to driving economic growth and environmental stewardship hand in hand.”

The Rs. 620 crore investment will fund two transformative projects in Assam. The 100 MW solar project, backed by Rs. 500 crore, aims to harness the state’s abundant sunlight to generate clean power, while the Rs. 120 crore BESS project will enhance energy reliability by storing excess power for use during peak demand. Each project is expected to generate 5,000 man-days of direct employment and is scheduled for completion by 2028. These initiatives are expected to create, reduce carbon emissions, and strengthen Assam’s position as a hub for renewable energy innovation. Assam’s government envisions these projects as a cornerstone of its ambitious economic roadmap, which targets a $143 billion economy by 2030. The state’s strategic location as a gateway to Southeast Asia, emphasized by Prime Minister Narendra Modi during his summit address, further amplifies the significance of such investments.

For HPPPL, the collaboration reflects its broader mission to drive economic and environmental progress. With a domestic portfolio that includes a 6,000 MW thermal power ambition and a robust international presence, the company sees Assam as a vital partner in its sustainability goals. As production ramps up in 2028, this MoU promises to deliver lasting benefits, powering Assam’s future while reinforcing India’s renewable energy leadership on the global stage. 

Tags: ratul puri, green energy, hindustan power, assam government, solar power, renewable energy