Hindustan Power has secured a 100 MW AC (~150 MWp) solar power project from Punjab State Power Corporation Limited (PSPCL). The project will be developed in Punjab.
The project was awarded through a tariff-based competitive bidding process, followed by an e-reverse auction conducted on the ETS portal. A project of this size is expected to involve installation of around 140–150 MWp of solar capacity.
Under the terms of the project, Hindustan Power will enter into a 25-year Power Purchase Agreement (PPA) with PSPCL. The project is expected to be commissioned within 24 months from the effective date of the PPA.
Commenting on the development, Ratul Puri, Chairman, Hindustan Power, said, “This project reflects our continued focus on participating in competitive bids where we see a clear alignment between pricing discipline and execution capability. It allows us to add high-quality assets to our portfolio while maintaining our approach to long-term value creation."
Punjab remains an important market for them with steady demand for reliable and clean power. |
