1 week ago
Hindustan Power Announces ₹1,135 Crore Solar Project Closure
Hindustan Power is building a large solar power project in Uttar Pradesh.
The project will be located in Lalitpur district.
Its power-generation capacity is 300 MW, with a stated project capacity of 435 MWp.
The Indian Renewable Energy Development Agency has sanctioned ₹1,135 crore as a loan for it.
This means the project has arranged the money needed to continue development.
Uttar Pradesh Power Corporation Ltd has agreed to buy its electricity through a long-term agreement.
The project was selected through competitive bidding in 2025.
It is expected to help meet rising energy needs using clean power.
Hindustan Power announced financial closure of ₹1,135 crore for a 300 MW solar project in Uttar Pradesh.
The project is located in Lalitpur district and has a capacity of 435 MWp/300 MW.
The Indian Renewable Energy Development Agency sanctioned ₹1,135 crore in debt for the project.
The project has a long-term power purchase agreement with Uttar Pradesh Power Corporation Ltd.
The project was awarded through competitive bidding in 2025 and is intended to add to Uttar Pradesh’s clean-energy capacity.
- Who
- Hindustan Power, with debt sanctioned by the Indian Renewable Energy Development Agency, is developing the project.
- What
- Financial closure was announced for a ₹1,135-crore debt package supporting a 435 MWp/300 MW solar project.
- Where
- Lalitpur district, Uttar Pradesh, India.
- When
- The announcement was made on Thursday; the project was awarded through competitive bidding in 2025.
- Why
- The project is intended to support Uttar Pradesh’s growing energy requirements and renewable-energy capacity through clean power generation.
Key facts
- Project developer
- Hindustan Power
- Project capacity
- 435 MWp/300 MW
- Debt sanctioned
- ₹1,135 crore
- Location
- Lalitpur district, Uttar Pradesh
- Debt sanctioning institution
- Indian Renewable Energy Development Agency
- Power purchaser
- Uttar Pradesh Power Corporation Ltd
- Power purchase agreement
- Long-term agreement
- Award method
- Competitive bidding in 2025
Quotes
Hindustan Power statement
Corporate statement from Hindustan Power
“"Hindustan Power has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, with the IREDA sanctioning debt of Rs 1,135 crore,"”
freepressjournal.in
Sources
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