Hindustan Power has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, with the Indian Renewable Energy Development Agency (IREDA) sanctioning debt of Rs 1,135 crore. Construction on the project is underway. The project has a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) and was awarded through a competitive bidding process in 2025. The 435 MWp project is among the larger solar projects being developed in Uttar Pradesh and will add renewable power generation capacity to the state.
“The 435 MWp solar projects in Uttar Pradesh marks an important milestone in our renewable energy expansion. Uttar Pradesh is experiencing growing energy demand alongside an increasing focus on renewable energy, and projects of this scale will play an important role in strengthening the state’s clean energy capacity. We are pleased to contribute to this journey through a project of this scale and remain focused on its timely execution,” said Ratul Puri, Chairman, Hindustan Power.
Puri added, “The project reflects our long-term commitment to developing large-scale renewable energy infrastructure that can support India’s evolving energy needs. As the country accelerates its energy transition, our focus remains on building reliable, efficient and sustainable generation capacity while contributing to long-term energy security.” The project is also expected to generate employment opportunities and support economic activity in the region.