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Hindustan Power Inks Power Purchase Agreement with UPPCL for 435 MW Solar Project in Uttar Pradesh

Written by: Kusum KumariUpdated on: 7 Aug 2025, 5:19 pm IST
Hindustan Power to build a 435 MW solar plant in UP after signing a 25-year PPA with UPPCL, supporting the state’s 22,000 MW clean energy goal by FY27.
Hindustan Power Inks Power Purchase Agreement with UPPCL for 435 MW Solar Project in Uttar Pradesh
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Hindustan Power has signed a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Ltd (UPPCL) to develop a 435 megawatt (MW) direct current (DC) solar power project in Uttar Pradesh. This clean energy project will provide electricity to the state over a 25-year period, helping to meet the growing demand for sustainable power.

Aligned with UP’s Clean Energy Goal

The solar project is part of Uttar Pradesh's ambitious plan to install 22,000 MW of clean energy capacity by the financial year 2026-27 (FY27). The initiative aims to reduce dependence on fossil fuels and promote renewable energy across the state.

Job Creation and Local Growth

In addition to providing green electricity, the project will generate employment opportunities and promote economic development in local communities. The company highlighted its commitment to completing the project on time while ensuring smooth coordination with stakeholders.

Competitive Bidding and Company Vision

Hindustan Power won the project in April 2025 through a competitive bidding process conducted by UPPCL. Chairman Ratul Puri emphasised that the project represents the company’s continued dedication to clean, reliable energy and aligns with Uttar Pradesh’s goal of becoming a trillion-dollar economy.

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Conclusion

The agreement between Hindustan Power and UPPCL marks a significant step toward a greener future for Uttar Pradesh. With a 25-year power supply commitment, this 435 MW solar project not only supports the state’s clean energy goals but also promises economic and environmental benefits for years to come.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Aug 7, 2025, 11:45 AM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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