New Delhi: Hindustan Power has signed a Memorandum of Understanding (MoU) with the Assam government to invest Rs 620 crore in solar power and battery energy storage projects.
The agreement, signed at the Advantage Assam 2.0 Investment and Infrastructure Summit, aims to expand Assam’s renewable energy capacity.
Investment Breakdown and Project Details
The investment will support the development of a 100 MW solar power plant and a 100 MW battery energy storage system.
Of the total investment, Rs 500 crore will go toward the solar plant, while Rs 120 crore will be allocated for battery storage. These projects are expected to enhance Assam’s power infrastructure and reduce dependence on conventional energy sources.
Economic and Employment Impact
The initiative is expected to generate over 5,000 man-days of employment, contributing to Assam’s economic growth.
The projects will be developed in collaboration with the state government, aligning with India’s broader push for clean energy adoption.
Government Participation and Industry Outlook
The MoU was signed in the presence of Assam’s Chief Minister, Dr. Himanta Biswa Sarma, and key government officials, including Power Minister Prasanta Phukan and APDCL Chairman Syedain Abbasi.
Hindustan Power, an independent power producer, has been expanding its renewable energy footprint in India and abroad. The company previously developed Assam’s first large-scale solar power project in 2016.
With India aiming to increase its renewable energy capacity, investments in solar and battery storage are gaining momentum. Assam, with its growing focus on clean energy, is emerging as a key region for new renewable projects.
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