The investment is in line with Hindustan Power's three-year plan to reach a 5 GW energy portfolio. The company intends to create over 5,000 man-days of employment while strengthening Assam's energy infrastructure by allocating ₹500 crore for the solar plant and ₹120 crore for the battery storage system. 

 

Recalling Hindustan Power's construction of the state's first sizable solar power plant in 2016, Ratul Puri underlined the company's longstanding dedication to the expansion of renewable energy in Assam. He said, "We are thrilled to strengthen our commitment to Assam's renewable energy ambitions, as the states dynamic landscape offers immense opportunities." Additionally, he gave Assam’s Chief Minister Dr. Himanta Biswa Sarma credit for creating an atmosphere that is conducive to investment in the state.

 

Senior authorities, including Syedain Abbasi, IAS, Chairman of the Assam Power Distribution Company Limited (APDCL), Dr. Krishna Kumar Dwivedi, IAS, Principal Secretary of the Power (Electricity) Department, and Rakesh Kumar, IAS, Managing Director of APDCL, attended the signing ceremony.

 

With the first 5 MW solar power plant in India and the first 30 MW renewable energy project in Asia, Hindustan Power is well-known in the renewable energy industry. Additionally, the company has completed projects in the US, UK, Japan, Germany, and Italy, further solidifying its position in the global energy shift.

 

The MoU further establishes Assam as a major participant in India's clean energy industry and represents an important milestone in the state's growth of renewable energy.