Hindustan Power to invest INR 620 crore in Assam’s renewable energy

This will fund solar and battery energy storage projects.

Hindustan Power has signed a memorandum of understanding with the Government of Assam to invest INR 620 crore in the state’s renewable energy capacity.

In a statement, the company said INR 500 crore will be allocated for a 100-megawatt (MW) solar power plant and INR 120 crore for a 100 MW battery energy storage system.

This is in line with Hindustan Power's goal to achieve 5 gigawatts of energy portfolio over the next three years.

The projects will be developed in collaboration with the Assam government. These are expected to generate employment of more than 5,000 man-days.