In a major boost to Assam’s renewable energy sector, Ratul Puri’s Hindustan Power has signed a Memorandum of Understanding (MoU) with the Assam government to invest ₹620 crore in solar and battery energy storage projects. The agreement, formalized at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati, marks a significant step toward strengthening the state’s energy infrastructure.
The investment includes ₹500 crore for a 100 MW solar power plant and ₹120 crore for a 100 MW battery energy storage system, aligning with Hindustan Power’s vision of building a 5 GW energy portfolio over the next three years. The projects are expected to generate over 5,000 man-days of employment, contributing to Assam’s economic growth.
Hindustan Power Chairman Ratul Puri emphasized the company’s longstanding commitment to Assam, recalling its pioneering 2016 solar power project. He credited Chief Minister Dr. Himanta Biswa Sarma’s leadership for fostering an investment-friendly environment in the state. The investment is also set to benefit Guwahati by ensuring a more stable power supply, reducing dependence on conventional energy sources, and supporting businesses seeking sustainable energy solutions. The move aligns with Assam’s broader push toward clean energy adoption and infrastructure expansion.