Hindustan Power announced financial closure of ₹1,135 crore for its 300 MW solar project in Uttar Pradesh on Thursday. According to the company's statement, the project has achieved financial closure with IREDA sanctioning debt of ₹1,135 crore for the 435 MWp solar power project in Lalitpur district, Uttar Pradesh. Construction work is now underway and progressing according to the planned development schedule, as reported by Business Standard. The project is expected to strengthen Uttar Pradesh's renewable energy capacity and support the state's growing electricity demand through large-scale clean power generation.
The project has a long-term power purchase agreement (PPA) with Uttar Pradesh Power Corporation Ltd (UPPCL) and was awarded to Hindustan Power through a competitive bidding process in 2025. As reported by Business Standard, the project is among the largest solar projects being developed in Uttar Pradesh and will contribute towards meeting the state's growing energy requirements through clean power generation. The project's capacity is 435 MWp translating to 300 MW of actual power generation capacity. Once operational, the project will contribute significantly to the state's clean energy generation and support its broader energy transition efforts.
Hindustan Power Chairman Ratul Puri emphasized that Uttar Pradesh is experiencing growing energy demand alongside an increasing focus on renewable energy, and projects of this scale will play an important role in strengthening the state's clean energy capacity. According to the company statement, the 435 MWp solar project in Uttar Pradesh marks an important milestone in our renewable energy expansion. Puri added that the project reflects the company's focus on developing large-scale renewable energy infrastructure to support India's energy transition. The project is also expected to contribute to regional economic activity and create employment opportunities in the local area.
Hindustan Power is a leading integrated power generation company in India with a focus on renewable and transitional energy generation. As reported by Business Standard, the company continues to expand its renewable and transitional energy portfolio, with a focus on large-scale generation infrastructure supporting India's energy transition. The latest solar project demonstrates its commitment to strengthening its presence in the Uttar Pradesh power market through large-scale clean energy projects that support the state's clean energy transition goals.
