Hindustan Cleanenergy has commissioned its second solar power plant of 50 MW capacity in the Indian state of Punjab at an investment of INR 325 crores ($48,85 million).
The project will see the company increase its cumulative solar capacity in Punjab to 80 MW, moving one step closer to its target in the next 18-24 months to commission incrementally 200 MW in this state, which stands out as one of the centers of India’s solar strength.
“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,“ said Ratul Puri, chairman of Hindustan Power, adding that the company stands ready to go ahead with its plans to commission incrementally 200 MW in Punjab in the next 18 -24 months.
The project was awarded to the company by the Punjab Energy Development Agency and the power purchase agreement (PPA) was inked with Punjab State Power Corporation Limited, the local government’s electric power company.
The Indian state of Punjab is determined to up its solar ambitions as it has pledged to achieve complete energy sustainability.