The company aims to increase its footprint in international markets from the current 450 MW to 2,000 Mw by 2022
New Delhi: Hindustan Power, the New Delhi-based power producer, today announced it has acquired 15 solar power generation projects in Japan with a capacity of 150 MW requiring an investment of $100 million for development. The company aims to increase its footprint in international markets from the current 450 MW to 2,000 Mw by 2022.
“We are one of the early Indian players to focus on developing solar projects in the overseas markets. We have invested close to Rs 3,000 crore and the target of 2 Gigawatt (GW) would entail an investment of Rs 10,000 crore,” Ratul Puri, Chairman, Hindustan Power said. The company is also set to enter Bangladesh’ market with four units of 25 MW capacity each at Trishal, the company said in a statement.
Hindustan Power has executed over 800 megawatt peak (MWp) of solar power projects which includes a 25 MW plant at Lauta, Germany, a 30 MW solar plant in Gujarat, a greenhouse rooftop plant in Sardinia, Italy among others.
According to Lalit Jain, CEO, International Solar, Hindustan Power, the proposal to develop the four units of 25 MW projects has been submitted to Bangladesh government and the required land agreement has been signed. “We will take these projects to construction in the next couple of quarters,” he said.
Hindustan Power has a portfolio of 6,000 MW of commissioned as well as under-construction projects which includes 500 MW installed solar capacity and 1,200 installed thermal capacity amounting to an asset size of $2 billion.
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