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Hindustan Power’s clean energy arm has commissioned a 50 Megwatt solar power plant in Punjab for an investment of Rs 325 crore, the company today said in a release.
With the commissioning of this plant, Hindustan Power’s cumulative solar capacity in Punjab now stands at 80 MW.
The project was awarded to the company by Punjab Energy Development Agency on bidding route and the power purchase agreement has been signed with Punjab State Power Corporation Limited (PSPCL), Hindustan Power said.
“By comparing high-resolution solar resource data at various locations, we were able to identify, and secure investments in the most promising sites for solar photovoltaic power plants in Punjab. Hence, we were able to invest around Rs 525 crores and quickly ramp up the cumulative capacity of the company in Punjab to 80.0 MW over last 9 months. Our plan is to commission incrementally 200 MW in Punjab in the next 18 -24 months,” Chairman Ratul Puri said.
Hindustan Power said with a current solar capacity of around 600MW, the company is one of the key players championing the adoption of solar on mass scale in India. The clean energy arm of the company is generating carbon savings of approx 720000 tonnes per year.
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