Hindustan Power

Hindustan Power wins SECI bids for solar and battery storage projects

Hindustan Power on Tuesday said it has won a bid from SECI to develop a solar project with an energy storage system. The project will require the installation of around 300 MWp of solar capacity and 300 MWh of Battery Energy Storage Systems (BESS), the company said in a statement. It has also secured a project from SECI to develop a solar and battery energy storage facility with a contracted capacity of 150 MW of solar power. Hindustan Power is a leading integrated power-generation company in India, focused on renewable and transitional energy solutions.

India's green shift to create jobs but skills gap a concern: Ratul Puri

India's journey towards net-zero emissions holds the potential of generating millions of job opportunities, but a significant gap in skilled workers may impact progress, according to Hindustan Power chairman Ratul Puri. As the country looks to achieve Net-Zero by 2070, solar power could create 3.26 million jobs by 2050, wind energy could generate 0.18 million jobs by 2030, and bioenergy, alongside green hydrogen, may add 0.27 million and 0.6 million jobs respectively by 2030, Puri said. Electric vehicle industry could provide 10 million direct jobs and 50 million indirect jobs by 2030. This sector is well-positioned to welcome new workers, upskill existing talent, and integrate the current 35 million ICE workforce, Puri noted. Despite encouraging projections, Puri highlighted the importance of preparing for upcoming workforce demands. Studies show that a smaller pool of green talent and fewer established pathways for developing relevant skills present ongoing challenges during this

Hindustan Power commences work on 435 MWp solar project in UP

Hindustan Power has commenced work on a 435 megawatt peak (MWp) solar power project at Lalitpur in Uttar Pradesh. Awarded by the Uttar Pradesh Power Corporation Ltd (UPPCL) through a competitive process in April 2025, the project will supply clean electricity to the state for the next 25 years, the company said in a statement. The initiative will also create new jobs and help drive sustainable growth in the local community. The company did not provide any further details related to the project cost and tariff at which the clean power will be supplied to the state. Hindustan Power is a leading integrated power generation company in India with a focus on renewable and transitional energy generation.

Hindustan Power secures 425 MW solar project contract from UP Power Corp

Hindustan Power on Thursday said it has secured a 425 MW solar project from Uttar Pradesh Power Corporation Limited (UPPCL). The Letter of Award (LoA) was issued by UPPCL following a competitive e-reverse auction, Hindustan Power said in a statement. As per the power purchase agreement (PPA), UPPCL will procure power from this solar project for a fixed tariff over a 25-year period. The project is expected to achieve commissioning within 24 months from the date of signing the PPA. The company did not provide any further details related to the order. "With this win, the company will contribute to Uttar Pradesh's growing demand for sustainable energy solutions," Ratul Puri, Chairman of Hindustan Power, said. Hindustan Power aims to build a renewable energy portfolio of 5 GW by 2028.

Hindustan Power to invest Rs 620 cr in solar, battery projects in Assam

Hindustan Power has signed an agreement with the Assam government to invest Rs 620 crore to set up solar and battery storage projects. The investment will drive the development of a 100 MW solar power plant alongside a battery energy storage system, the company said in a statement on Monday. The company said it will invest Rs 500 crore for the solar plant and another Rs 120 crore for the battery storage facility. "Hindustan Power was the first company to develop a large solar power plant in Assam in 2016, and the company remains committed to driving the state's journey of growth in the new era of renewable energy," the company's chairman Ratul Puri said. Hindustan Power is an independent power producer with a global portfolio of renewable and transitional electricity generation assets.

Hindustan Power Exchange crosses 5 bn units trade in 11 months of launch

Hindustan Power Exchange (HPX) on Thursday announced that its has crossed the milestone of five Billion Units (BU) of power traded within 11 months of its launch. HPX was able to cross this landmark amid a rapid increase in trading volume across contingency and long duration contracts (LDC) segments, a HPX statement said. The strong growth in members/client base and trading volumes demonstrate the trust and support the platform has been able to garner from power sector participants, it stated. HPX is a new-age power exchange promoted by PTC India, BSE and ICICI Bank and has a diverse shareholder base represented by state power utilities, central generators, independent power producers, market makers in trading, and power sector consultants. HPX raced to five BUs within a span of 173 days with a daily average volume of around 18 MU, post-crossing the historic landmark of 1 BU, which happened within a time frame of 171 days. A large part of this volume is attributed to the LDCs whic

Hindustan Power Exchange trade crosses 2.5 bn unit mark in 8 months

Hindustan Power Exchange (HPX) on Monday said that it has crossed the trade milestone of 2.5 billion units within eight months of its launch. "HPX, promoted by PTC India, BSE and ICICI Bank, has successfully crossed the milestone of 2.5 Billion Units of power traded within 8 months of its launch," an HPX statement said. HPX was able to cross this landmark with a rapid increase in trade volume across contingency, weekly, monthly, and Long Duration Contracts (LDC) segments, it explained. The exchange recently concluded monthly long-duration contracts of 453.7 MU (million units) which will be delivered in the months of March and April 2023 and is a part of the above volume. HPX raced to 2.5 BU within a short span of 67 days with a daily average volume of 18 MU, post crossing the historic landmark of 1 BU, which happened within six months of its launch, it stated. This is the fastest increase in volume for the initial few months of the existence of any of the power exchanges operating

Hindustan Power Exchange backed by BSE, PTC to commence operations

The other two exchanges in the country are Indian Energy Exchange (IEX) and Power Exchange of India ltd (PXIL), of which IEX holds a 98 per cent almost monopoly on the total traded power in country

Hindustan Power to support families of employees succumbing to coronavirus

Hindustan Power has announced financial support for families of all employees, including contract staff, who succumb to Covid-19

Hindustan Power looking to acquire stressed thermal power plants

With 6,000 Mw of power generation capacity, the firm has presence across thermal, hydro and solar power sectors

Hindustan Power expands presence in Japan, acquires 15 solar plants

The company aims to touch 2 Gw of global power generation capacity by 2022

Hindustan Power to consider new streams of finance

To commission 1,320 Mw coal and 1,000 Mw solar projects

Hindustan Power initiative to provide prompt patient transfer

The company has devised an emergency response protocol and identified situations such as ailments of heart, kidney, accidents

Hindustan Power commissions first phase of 2,520 MW Anuppur Plant in MP

The project is commissioned at a cost of Rs 8,000 cr