Hindustan Power announced the financial close of its 300 MW solar project in the state of Uttar Pradesh. The company stated that the project is progressing according to schedule and is intended to strengthen the growing renewable energy capacity in Uttar Pradesh.
According to the statement, Hindustan Power received loan approval of INR 1,135 crore from IREDA for its 435 MW/300 MW solar project located in Lalitpur district, Uttar Pradesh.
This project has a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Ltd (UPPCL) and was awarded to Hindustan Power following a competitive tender in 2025. It is among the largest solar projects being implemented in Uttar Pradesh and will contribute to meeting the state's growing energy demands through clean generation.
Ratul Puri, Chairman of Hindustan Power, noted that Uttar Pradesh is facing increasing energy demand amid growing attention to renewable energy sources, and projects of this scale will play a key role in strengthening the state's clean energy base.
Hindustan Power positions itself as a leading integrated power generation company in India, focusing particularly on the generation of renewable and transitional energy.