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OCT 20 2016

Ratul Puri confident HPPPL will be a game-changer in offering clean, renewable energy

  • Economic Times, ET Bureau / Hyderabad
  • Created: Thu 20th OCT 2016

Punjab’s reputation as a key contributor to the solar power sector in India is continuing to grow. The state recently got its largest single-location solar power plant that has been established in Mirpur Kalan, a village in Mansa district.

The 31.5MW-power, set-up by Ratul Puri’s Hindustan Power Projects Pvt. Ltd (HPPPL), is located over a stretch of 173 acres. The 200-crore plant has been aided by several government agencies in Punjab, like PEDA and PSPCL, which facilitated the construction of the humongous solar power project.

The energy sector in India is seeing a sea change. With an increased rate of GDP, it’s natural that more industries are being set up across the country. That means India needs more power, although the source - coal, nuclear, solar, hydro - may be different.

Ratul Puri wants to transform the renewable energy sector in India. The Delhi-based company aims at commissioning over 5,000 MW of combined power assets (worth Rs 32,000 crore) by 2020. A leading player in India’s energy sector, HPPL is looking at developing thermal, solar and hydro power generation capacity of 6,000 MW by the end of this decade.

It is an achievable task, considering the fact that Ratul Puri has already commissioned solar power projects worth more than 600MW, out of which 250MW was for India, and the rest for the international market.

In a meeting held in Goa last month, top people from the HPPPL discussed how the demand of power in India is directly proportional to its growth and development. Representatives from HPPPL presented statistics that validated how India lags behind in becoming a power surplus country. They stressed on the point that cheap power must replace costly electricity.

Ratul Puri’s decision to opt “…for solar power for short-term, thermal for mid-term and hydro power for long-term” registers how the 44-year-old has aligned HPPPL with India’s power generation strategy. Puri, a second-generation businessman aims at achieving a risk-mitigated growth by combining right technology with secured supply chains and diversified client base.

He points out: “This strategy of risk mitigated approach along with the pursuit to comply with all applicable Corporate Governance regulations has allowed us to ramp up our operations even during the globally challenging economic situation.”

HPPPL has no intentions to forgo its social responsibilities on its way up the ladder. “In all infrastructure projects there is a significant connect with the people hence it is very important to understand the needs of the society, especially areas in and around the projects”, adds Ratul Puri.

With India ranking third among the top 40 countries with renewable energy, the company expects an exponential growth in the renewable power generation sector in the future. This can prove to be game-changing when it comes to offering clean, reliable and affordable energy and infrastructure to the society.

Tags

Delhi Himachal Pradesh Punjab Goa Goa Renewable Energy Coal Power Generation Energy Power Plant United States Power Electricity India solar power Solar PUNJAB

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