Ratul Puri signs MoU with Govt of Assam to Invest Rs 620 Cr in Solar and Battery Energy Storage Projects
New Delhi [India], March 31: Marking a significant step towards advancing Assam’s renewable energy landscape, Ratul Puri’s Hindustan Power has signed a Memorandum of Understanding (MoU) with the Government of Assam to invest ₹620 crore in cutting-edge power and battery energy storage projects. The MoU was signed at the Advantage Assam 2.0 Investment and Infrastructure [...]
New Delhi [India], March 31: Marking a significant step towards advancing Assam’s renewable energy landscape, Ratul Puri’s Hindustan Power has signed a Memorandum of Understanding (MoU) with the Government of Assam to invest ₹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 ₹500 crore for the solar plant and ₹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.