Hindustan Power has secured a 100 MW AC solar power project from Punjab State Power Corporation Limited through a tariff-based competitive bidding process. The project, requiring approximately 140-150 MWp of solar capacity, will operate under a 25-year PPA and is expected to be commissioned within 24 months.
Hindustan Power has secured a 100 MW AC solar power project from Punjab State Power Corporation Limited following a tariff-based competitive bidding process and e-Reverse Auction on the ETS portal, according to an official announcement. The project will require installation of approximately 140-150 MWp of solar capacity and is expected to be commissioned within 24 months from the effective date of the power purchase agreement. Hindustan Power will enter into a 25-year PPA with PSPCL, providing long-term revenue visibility.
Hindustan Power is an integrated energy company with a focus on scaling sustainable power generation capacity across India. The Punjab project expands the company's renewable energy portfolio and strengthens its presence in a key market. The company continues to build a diversified pipeline of renewable energy projects while maintaining a disciplined approach to pricing and execution.
This development matters for India's solar energy sector, where state utility tenders remain a primary mechanism for capacity addition. The tariff-based competitive bidding process ensures pricing discipline while enabling private developers to secure long-term off-take agreements. Punjab has steady demand for reliable and clean power, supporting the state's energy mix diversification.
For the renewable energy industry, the project demonstrates continued opportunity for solar development in northern Indian states. Stakeholders including equipment suppliers, engineering contractors, and state utilities stand to benefit from project execution. The 25-year PPA provides stable foundation for investment and enables execution planning with certainty.
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