Hindustan Power Pvt. Ltd. Blog

Ratul Puri on Why Execution Is Now the Real Test of India's Renewable Energy Ambition

Ratul Puri — Tue, 19 May 2026 09:43:37 GMT

India's renewable energy sector has entered a new phase. The early years were driven by rapid expansion, falling technology costs, and ambitious capacity targets. According to Ratul Puri, the sector is now moving toward a stage where execution capability, infrastructure readiness, and operational efficiency are becoming increasingly important.

For years, the renewable energy market largely focused on how much capacity was announced or commissioned. Ratul Puri notes that the conversation is gradually shifting toward whether projects are being completed efficiently, integrated into the grid smoothly, and managed effectively over the long term.

From Rapid Expansion to Execution-Focused Growth

India has expanded its solar and wind energy capacity significantly over the past decade and has become one of the world's major renewable energy markets. Ratul Puri points out that as the sector matures, attention is moving beyond capacity addition toward project execution, power reliability, and operational performance.

Several structural challenges continue to affect the pace of deployment. Land acquisition processes, forest clearances, tenancy-related issues, and transmission infrastructure delays remain ongoing concerns across different regions. As projects become larger and more complex, these issues can have a greater impact on timelines and costs.

Transmission Infrastructure Remains Important

Ratul Puri highlights transmission infrastructure as one of the major areas requiring attention. Delays in transmission connectivity have reportedly affected more than 50 GW of renewable energy projects currently under development in India. This has created situations where generation capacity progresses faster than the supporting infrastructure needed to distribute electricity efficiently.

According to Ratul Puri, renewable energy expansion and grid infrastructure development need to move together. He also points to the importance of coordination between policymakers, infrastructure developers, power distribution companies, and renewable energy firms to support smoother project implementation.

Transmission Infrastructure Remains Important

Contractual Delays Continue to Affect the Sector

Unsigned Power Sale Agreements have also become a source of uncertainty for many projects. Changes in procurement strategies among distribution companies and large power buyers have affected project timelines and investment planning.

Ratul Puri says this reflects the broader need for clearer execution frameworks and stronger policy alignment. Even projects with funding and approvals in place can experience delays when contractual processes remain unresolved for long periods.

Storage Growth Needs Faster Implementation

Battery Energy Storage Systems are expected to play an increasingly important role as renewable energy contributes a larger share of India's electricity mix. Storage systems help improve grid stability and support round-the-clock power delivery.

India has seen rising activity in battery storage tenders, with nearly 102 GWh reportedly issued in 2025. However, Ratul Puri notes that commissioning levels remain below the pace of bidding activity. This difference between announced projects and completed implementation reflects broader execution-related challenges within the sector.

He also mentions that tariff pressures and tighter margins are making operational efficiency and project discipline more important for developers.

Digital Systems Are Becoming More Relevant

Ratul Puri also points to the growing role of digital systems in energy management. As hybrid projects combining solar, storage, and other power sources become more common, Energy Management Systems are expected to support grid coordination and operational monitoring.

Technologies such as predictive maintenance, forecasting systems, real-time monitoring, and automated dispatch management are increasingly being adopted across renewable energy operations to improve efficiency and reliability.

Focus Is Shifting Toward Long-Term Execution

India's renewable energy sector continues to grow, supported by policy targets and rising investment activity. According to Ratul Puri, the next phase of growth will depend not only on new announcements but also on consistent execution, infrastructure readiness, and operational stability.

As the sector expands further, areas such as transmission connectivity, storage implementation, and digital energy management are likely to remain central to the industry's long-term development.

Ratul Puri: Electricity Will Increasingly Become the Backbone of Economic Growth

Ratul Puri — Mon, 18 May 2026 05:59:14 GMT

Rising demand across transportation, manufacturing, digital infrastructure and data centres will reshape India’s power sector Ratul Puri, Chairman of Hindustan Power.

Ratul Ruri, Chairman, Hindustan Power, said that affordable and uninterrupted electricity availability will emerge as one of India’s biggest competitive advantages as the country enters a new phase of energy-intensive and digitally connected growth.

Speaking at an event on the future of India’s power sector in New Delhi, Mr. Ratul Puri said electricity is increasingly becoming central to economic growth across sectors.

“Electricity will increasingly become the backbone of economic growth across sectors ranging from transportation and manufacturing to digital infrastructure and data centres,” he said. “As economies become more energy-intensive and digitally connected, the demand for uninterrupted and affordable power is set to rise significantly across industries and households alike.” Highlighting the rapid pace of electrification across transportation, he noted that improvements in battery technologies and operating economics are beginning to make even heavy mobility applications commercially viable.

“We are on an inevitable path towards electrification. The only uncertainty is the pace at which this transition takes place,” Raturi added. “As the lifecycle economics of electric mobility continue improving, electrification in transportation will move very quickly.” He further pointed to the growing electricity demand that will emerge from AI-led digital infrastructure, data centres and distributed computing systems.

“The next phase of growth will increasingly require compute and inference closer to consumers and businesses,” he said. “This will create a need for significant data centre capacity and dependable electricity infrastructure across the country.” Calling for long-term infrastructure planning, Mr. Ratul Puri said India should focus on building future-ready power capacity ahead of demand growth.

“If electricity is going to become a key differentiator for economic growth, India should ensure there is adequate spare round-the-clock power capacity available,” he further added. “Affordable 24×7 power availability can become one of India’s biggest competitive advantages in the years ahead.” He also emphasised that India’s energy transition must focus equally on transmission systems, storage solutions and grid modernisation alongside generation capacity expansion.

“Renewable energy expansion cannot rely only on daytime generation,” Mr. Puri said. “Battery and storage solutions will play an important role in enabling renewable power availability during non-solar hours.” Speaking on the future evolution of the electricity ecosystem, he highlighted the growing importance of distributed generation and smarter electricity networks.

“The traditional grid structure will evolve significantly over the next two decades. Generation, storage and electricity distribution will increasingly move closer to the point of consumption.” On infrastructure development, Ratul Puri stressed the need for equitable PPP contracts, faster dispute resolution mechanisms and quicker resolution of land-related issues to support long-term investments.

“Strong and equitable PPP contracts are critical for infrastructure sectors with long project lifecycles,” he said. “Alongside this, faster dispute resolution and digitisation of land records will remain important enablers for future infrastructure development.” Commenting on the sector’s progress, he noted that India’s electricity ecosystem has undergone significant transformation in recent years and continued policy support will remain important going forward.

“With continued policy support and effective execution, India stands to benefit immensely in the years ahead,” he added.

About Ratul Puri:
Ratul Puri is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy. Over the years, Ratul Puri has been actively involved in developing large-scale energy infrastructure projects that support India’s growing power requirements and its transition toward cleaner energy sources.

About Hindustan Power:
Hindustan Power is a leading integrated power generation company in India with a focus on renewable and transitional energy generation. With a commitment to sustainability and innovation, the company has been an active contributor to India’s energy transformation.

“India’s battery energy storage market is transitioning from aggressive tendering to execution-led scale” - Ratul Puri, Chairman, Hindustan Power

Ratul Puri — Sat, 16 May 2026 11:55:38 GMT

Ratul Puri, Chairman of Hindustan Power, speaks to pv magazine about the key challenges in scaling renewable energy deployment, the growing role of battery storage and carbon markets, and Hindustan Power’s strategy in supporting India’s clean energy transition.

pv magazine: India has set ambitious renewable energy targets for 2030. In your view, what are the biggest bottlenecks today in scaling renewable energy project deployment?

Ratul Puri: We are seeing India’s renewable sector shift from rapid capacity addition to more coordinated, system-level optimization. While the country has already crossed 50% non-fossil installed capacity, the next phase of growth will depend on execution at scale, including progress on land acquisition, tenancy frameworks and forest clearances.

Transmission readiness needs to keep pace with generation expansion. Delays in network build-out have begun to impact parts of the renewable pipeline, even as capacity continues to grow. The financial health of DISCOMs and timely procurement decisions also remain important for sustaining momentum.

The next phase of renewable expansion will require closer alignment between generation capacity, transmission infrastructure and long-term demand planning.

With the rollout of the Carbon Credit Trading Scheme (CCTS), how do you see carbon markets influencing investment decisions in the renewable energy sector?

The rollout of the Carbon Credit Trading Scheme is an important development in India’s clean energy transition. It creates an additional economic value stream for projects that contribute towards emissions reduction and energy efficiency, beyond conventional power revenues.

The scheme is expected to be particularly relevant for hard-to-abate sectors such as steel and cement, where clean energy adoption can support compliance requirements and decarbonization goals. This can also strengthen investor interest in renewable energy, storage-led assets and round-the-clock green power solutions. The long-term effectiveness of the market will depend on transparent frameworks, credible verification mechanisms and stable price discovery.

Energy storage is increasingly being seen as critical to renewable integration. How do you assess the pace of battery storage adoption in India? What policy or market changes are still needed?

India’s battery energy storage system (BESS) market is transitioning from aggressive tendering to execution-led scale. In 2025 alone, around 102 GWh of tenders were issued, while operational capacity remains at an early stage, reflecting the sector’s movement from bidding momentum to project delivery.

Policy support through viability gap funding, waivers of ISTS charges and state-level mandates have helped establish storage as an accepted asset class. As projects move towards commissioning, the sector focus is shifting from tariff discovery to execution capability.

The sector’s cost environment is also becoming more sensitive to global geopolitical shifts. Disruptions in supply chains, volatility in raw material prices, and logistics challenges may lead to higher input costs, which could translate into increased battery prices. The next phase of growth will require expanding revenue streams to include ancillary services, peak load management and grid balancing. Financing models are also expected to evolve further, supported by greater regulatory clarity and improved commercial visibility.

Given recent volatility in global supply chains and module pricing, how should Indian developers balance cost competitiveness with domestic manufacturing goals?

The strategy to balance cost competitiveness with domestic manufacturing goals is becoming increasingly important for Indian developers. The focus is not only on short-term pricing, but also on long-term supply security and resilience.

Policy measures such as ALMM and PLI have significantly strengthened domestic manufacturing capacity. Module manufacturing capacity increased from 2.3 GW in 2014 to around 171 GW in 2025, while cell manufacturing capacity has expanded to 31 GW. As domestic manufacturing scales further, the cost differential is expected to narrow down. This can help make localization both commercially viable and strategically beneficial for developers.

What are Hindustan Power’s key priorities for the next phase of growth, and how do you see the company positioning itself within India’s rapidly evolving renewable energy and storage-led market?

At Hindustan Power, we are focused on balancing reliability with future readiness. With storage being a key enabler of grid stability and renewable energy integration, the sector is likely to witness a strong investment momentum through 2030.

In line with this, we are scaling our BESS portfolio, with over 750 MWh of capacity added across projects in 2025. This includes our project with Solar Energy Corp. of India (360 MWh), an ISTS-linked project with SJVN Limited (>250 MWh), and a 120 MWh standalone BESS project with Bihar State Power Generation Co. Ltd. Together, these enable firm, dispatchable renewable power while supporting grid stability and peak demand.

Our approach spans renewable and high-efficiency transitional energy generation, helping build a diversified, resilient and future-ready energy portfolio with a gradually reducing reliance on coal. Further, we continue to play an active role in public-private partnerships and policy discussions, contributing to the regulatory evolution needed to help India achieve its 500 GW non-fossil capacity target by 2030.

Recent standalone battery storage project auctions have seen heavy participation by bidders (including from new players) and discovered record low tariffs. What’s your take on this?

The strong participation in recent BESS auctions reflects growing confidence in the sector, driven by falling battery costs, supportive policy frameworks and increased competition. This marks a meaningful step toward scaling storage capacity and strengthening grid reliability.

However, with current geopolitical dynamics, the industry may now witness sudden uptick in input costs impacting battery pricing due to supply chain disruptions. This evolving environment introduces a layer of complexity while reinforcing the need for disciplined bidding, resilient sourcing strategies and a sharper focus on execution.

How do you see the energy storage landscape evolving in India?

With the country targeting 500 GW of non-fossil fuel capacity by 2030, energy storage is no longer seen as an optional addition but as a critical requirement for grid stability and round-the-clock renewable power.

One of the most significant shifts is the sharp increase in BESS capacity, which is expected to rise substantially from current levels as projects move from bid stages to execution. The focus across the sector is now shifting from tender announcements to actual project delivery, with large utility-scale installations and hybrid renewable projects gaining momentum. Solar-plus-storage projects and Firm and Dispatchable Renewable Energy (FDRE) tenders are becoming more common, reflecting the need for reliable 24×7 clean power.

Government support remains a strong growth driver. Measures such as viability gap funding (VGF), energy storage obligations (ESO), and production-linked incentive (PLI) schemes for advanced chemistry cells are improving project economics and encouraging domestic manufacturing.

With strong momentum, current geopolitical developments and dependence on imported battery components can also impact pricing and timelines. Going forward, the sector’s success will depend on resilient supply chains, stronger execution capabilities and the ability to build high-quality assets that support a reliable and always-on renewable energy system.

Powering India’s next energy transition phase

Ratul Puri — Fri, 15 May 2026 06:20:46 GMT

India has come a long way in expanding its renewable energy (RE) capacity. But this represents the easier part of the RE transition. The challenging part is now underway — integrating a bigger share of variable RE power into a grid built for stable, dispatchable supplies. Therefore, the next transition stage will focus on how effectively the grid absorbs, balances and dispatches power, not just the solar and wind capacity added.

In early 2026, India’s power sector recorded a major milestone, passing the 52% mark in meeting installed capacity for non-fossil fuels. However, the share of actual generation from RE sources reached almost 30% in FY2024–25. While this is good news, the higher generation brings a distinct set of operational challenges.

The first phase was easier because of the initial gains from rapid capacity addition, declining costs, policy support and strong market momentum. And now, as RE penetration increases, the system must manage intermittency, demand mismatch and balancing requirements.

To decode the dynamics of RE issues, some elaboration is required. The challenges of higher RE installed capacity include underutilised grid infrastructure, transmission congestion, storage and operational issues, among others. To begin with, generation capacity outpaces transmission or evacuation capacity. Consider Rajasthan. While it has 23 GW of commissioned RE capacity, it can evacuate only 18.9 GW. Consequently, more than 4,000 MW of commissioned capacity is stranded during peak hours. Further, high-capacity, double-circuit corridors built to evacuate about 6,000 MW are usually running at 600–1,000 MW.

Lack of storage represents another huge hurdle. By 2032, India will need around 411 GWh of energy storage capacity to sustain grid stability when there is no sunshine. However, current deployments of BESS (Battery Energy Storage Systems) and PHS (Pumped Hydro Storage) are extremely inadequate. Supply chain disruptions also hinder solar power and energy storage. The RE industry is highly vulnerable to global supply chain shocks since India depends heavily on imports of critical minerals (like lithium, cobalt and rare earths) as well as raw materials. These elements are needed to manufacture solar cells and batteries, leaving the sector vulnerable to global supply shocks

Technology and infrastructure bottlenecks must also be addressed. Studies show India’s current grid lacks the capacity to house a higher share of intermittent renewables since this needs substantial investment in smart grids, energy storage and hydrogen systems to sustain reliability and grid stability. In spheres like hydropower and bioenergy, being a water-scarce nation, India requires sophisticated water management systems to manage the interplay of water and energy.

Financial hurdles, policy and investment issues add another level of uncertainty. Since electricity remains a concurrent subject in India, both the Centre and states deal with it as per their specific policies. This can impact the proper exploitation of RE potential. Moreover, while the energy mix covers solar, wind, biomass, hydrogen energy and hydroelectricity, most investments are made in solar.

Given these constraints, measures are necessary to promote large-scale integration of RE. For example, supply balancing can be done via flexible generation and ancillary services. The latter includes balancing of load generation during low grid frequency. Forecasting of both RE demand and generation should be done to balance power requirements. Based on accurate forecasting, systematic scheduling will be possible, ensuring better demand-side management.

As noted earlier, financial hurdles hamper the RE transition. While many companies are willing to manage the cost of renewables, the real barrier is the investments needed in transmitting and integrating huge quantities of solar and wind power in the years ahead. Although solar and wind are cheaper than most electricity sources, sustained investment is essential to modernise the grid while adding storage and transmission infrastructure to integrate RE sources.

Other measures are also imperative to transform the RE grid, such as implementing equitable curtailment. During peak congestion, power curtailments or shutdowns should be distributed across all generators proportionately. Presently, the system puts the entire burden on T-GNA (Temporary General Network Access) projects. To facilitate equitable commercial outcomes, this practice should be discontinued.

Similarly, capacity reallocations should be done dynamically. Unused/underutilised grid capacity must be reallocated through real-time, transparent protocols that ensure any safe evacuation space is not wasted. Likewise, there must be better coordination between CTUIL (Central Transmission Utility of India Ltd) and GRID-India, ensuring transmission corridors for predetermined capacities transform into actual, usable power evacuation.

These measures will make sure stranded assets worth billions then come into mainstream use. Instead of standalone capacity, the next growth push for renewable energy will emerge from hybrid projects, FDRE (Firm & Dispatchable RE), RTC (Round the Clock) and integrated RE solutions. Accordingly, India’s power transition will depend more on system integration, rather than just capacity addition.

Disclaimer: This article is authored by Ratul Puri, chairman, Hindustan Power.

Ratul Puri on India’s Renewable Shift: From Rapid Expansion to Execution-Led Growth

Ratul Puri — Mon, 11 May 2026 07:31:32 GMT

India’s renewable energy sector is transitioning into a more execution-driven phase, moving beyond headline capacity addition numbers with sharper focus on system-level optimisation, reliability and integrated power delivery, according to Hindustan Power Chairman Ratul Puri. This shift reflects a broader evolution in the sector, where the emphasis is no longer solely on adding capacity, but on ensuring that projects are delivered efficiently and perform consistently over the long term.

“India’s renewable energy sector is now maturing where it is not merely about adding capacity but ensuring that projects are delivered on ground with focus on round-the-clock delivery,” said Puri.

While solar and wind capacities have scaled significantly, on-ground execution continues to face structural challenges. Issues such as land acquisition, tenancy constraints and forest clearances are affecting project timelines and slowing progress across multiple levels. At the same time, delays in transmission infrastructure have impacted over 50 GW of renewable capacity under development, highlighting the importance of grid readiness alongside generation growth and the need for more coordinated planning.

The sector is also witnessing delays due to unsigned Power Sale Agreements (PSAs), driven by changing procurement strategies among DISCOMs and large offtakers. These challenges underline the need for stronger alignment between policy, infrastructure and execution, ensuring that projects are not held back by contractual or procedural uncertainties.

In parallel, India’s battery energy storage system (BESS) market is shifting from aggressive tendering to execution-led deployment. Despite approximately 102 GWh of tenders issued in 2025, only about 0.7 GWh has been commissioned, reflecting a clear gap between bidding and implementation,

Highlighting this, Ratul Puri stated that “the gap between aggressive tendering and actual commissioning highlights a structural shift where success in this market will now be defined by execution capability, not just bidding strength.”

Tariff compression has supported adoption but has also tightened margins, increasing the importance of well capitalised and serious bidders, lifecycle-based project evaluation, disciplined execution and supply chain readiness. Developers are increasingly focusing on projects with clear offtake visibility, and policy support to ensure long-term viability and stable returns in a competitive market environment.

“In a tariff-compressed environment, long-term viability depends on accurately accounting for lifecycle costs, where even small variations can materially impact project returns,” Ratul Puri said.

Hybrid energy systems integrating solar, transitional power, and storage are adding operational complexity, requiring advanced coordination through Energy Management Systems (EMS) for real-time optimisation. At the same time, digital solutions are becoming central to improving performance, enabling predictive maintenance, better forecasting and dynamic dispatch across markets.

RatulPuri further noted that “digital solutions are becoming the nerve centre of energy operations, enabling real-time optimisation, predictive maintenance and stronger performance across assets.”

Looking ahead, storage is expected to play a critical role in supporting grid stability and renewable integration, even as the sector navigates risks related to supply chains, pricing mechanisms and long-term sustainability. The next phase of growth will depend on the sector’s ability to combine scale with execution strength and operational efficiency, Ratul Puri added.

Ratul Puri concluded by stating that “storage is emerging as a critical pillar of grid stability, supporting renewable integration while creating new opportunities through evolving ancillary service markets.”

About Ratul Puri:

Ratul Puri is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy. Over the years, Ratul Puri has been actively involved in developing large-scale energy infrastructure projects that support India’s growing power requirements and its transition toward cleaner energy sources.

About Hindustan Power:

Hindustan Power is a leading integrated power generation company in India with a focus on renewable and transitional energy generation. With a commitment to sustainability and innovation, the company has been an active contributor to India’s energy transformation.

Ratul Puri-led Hindustan Power secures 150 MWp solar project in Punjab

Ratul Puri — Tue, 28 Apr 2026 11:17:56 GMT

Hindustan Power, an integrated energy company in India, has secured a 100 MW AC solar power project from Punjab State Power Corp. Ltd. The project, to be developed in Punjab, will require installation of around 140–150 MWp of solar capacity.

Hindustan Power secured the project through a tariff-based competitive bidding process, followed by a successful e-reverse auction.

Under the terms of the project, Hindustan Power led by Ratul Puri will enter into a 25-year power purchase agreement (PPA) with Punjab State Power Corp. Ltd, providing long-term visibility on revenues while supporting the supply of clean energy to the state. The project is expected to be commissioned within 24 months from the effective date of the PPA.

The addition of this project further expands Hindustan Power’s renewable energy portfolio and strengthens its presence in Punjab, in line with the company’s focus on scaling sustainable power generation capacity across India.

“This project reflects our continued focus on participating in competitive bids where we see a clear alignment between pricing discipline and execution capability. It allows us to add high-quality assets to our portfolio while maintaining our approach to long-term value creation,” said Ratul Puri, chairman, Hindustan Power.

“Punjab remains an important market for us, with steady demand for reliable and clean power. Through this project, we aim to contribute meaningfully to the state’s energy mix while further strengthening our operational footprint in the region,” added Ratul Puri.

Chairman Ratul Puri said the company’s priority is to deliver the project on schedule and ensure consistent performance over its lifecycle.

1. What is the significance of Ratul Puri’s 150 MWp solar project in Punjab?

The 150 MWp solar project in Punjab highlights Ratul Puri’s growing role in India’s renewable energy sector. This solar power project in Punjab strengthens Hindustan Power’s renewable portfolio and supports India’s clean energy transition by adding large-scale solar capacity (MWp) to the grid.

2. How does Hindustan Power contribute to India’s renewable energy growth?

Hindustan Power, led by Ratul Puri, is actively investing in utility-scale solar projects and renewable energy infrastructure in India. Through projects like the Punjab solar project, the company contributes to green energy development, carbon reduction, and long-term sustainable energy solutions.

3. What is a Power Purchase Agreement (PPA) in solar projects like Ratul Puri’s Punjab project?

A Power Purchase Agreement (PPA) is a long-term contract between a power producer and a buyer, such as Punjab State Power Corporation Limited (PSPCL). In Ratul Puri’s project, the 25-year PPA ensures stable revenue while supporting renewable energy investments in India.

4. How are large solar projects like Ratul Puri’s Punjab project awarded in India?

Large projects such as this are typically awarded through competitive bidding and e-reverse auctions. In this process, companies like Hindustan Power compete to offer the lowest tariff, ensuring cost-effective solar energy development in India and transparency in energy infrastructure projects.

5. What is the difference between MW and MWp in solar projects like Ratul Puri’s project?

In solar energy, MW (megawatt) refers to actual power output, while MWp (megawatt peak) indicates the maximum potential capacity under ideal conditions. Ratul Puri’s project has 100 MW AC capacity but requires around 150 MWp solar installation, which is standard in utility-scale solar projects in India.

Ratul Puri Outlines Hindustan Power’s Plan to Build 5 GW Energy Portfolio by 2028

Ratul Puri — Tue, 24 Mar 2026 08:31:46 GMT

Renewable and transitional energy to support India’s long-term power requirements: Hindustan Power, under the chairmanship of Ratul Puri, has outlined a clear roadmap to build a 5 gigawatt (GW) energy portfolio by 2028, reinforcing the company’s long-term commitment to India’s evolving energy landscape. The planned expansion will be driven by a mix of renewable and transitional energy assets, aligned with national priorities and the country’s growing power requirements. Ratul Puri said the 5 GW vision reflects Hindustan Power’s long-term approach to scale, strategic clarity and sustainable value creation. The roadmap aligns with India’s broader objective of expanding non-fossil and low-emission capacity while ensuring reliability and continuity in power supply an area where private sector participation plays a critical role.

According to Ratul Puri, India’s energy sector is at an important stage, where long- term planning and institutional capability will shape outcomes for decades. Hindustan Power’s strategy is designed to support rising electricity demand while contributing to a more balanced and resilient power ecosystem.

Strategic Focus Anchored in Energy Transition Under Ratul Puri’s leadership, Hindustan Power has adopted a focused strategy centered on renewable energy, supported by transitional energy solutions that complement grid stability and demand growth. This approach reflects a pragmatic understanding of India’s energy transition—one that balances sustainability goals with affordability, reliability and scale.

Ratul Puri has consistently emphasized that renewable energy is no longer an emerging segment but a central pillar of India’s economic growth, industrial development and energy security. Hindustan Power’s expansion strategy prioritizes technologies and platforms that can be scaled efficiently, remain commercially viable and stay aligned with policy direction and market realities. Rather than pursuing broad diversification, the company is strengthening its core capabilities within the Indian power sector, ensuring consistency in asset quality, governance and long-term performance.

Building a Strong Domestic Footprint The journey toward a 5 GW portfolio will be supported by structured capacity additions across key Indian states. Hindustan Power has already established a domestic presence with projects developed in Madhya Pradesh, Karnataka, Bihar, Assam and Tamil Nadu, reflecting a geographically diversified yet India-centric approach.

Ratul Puri noted that leadership in infrastructure is defined less by speed and more by long-term impact. Hindustan Power’s projects are therefore conceived with a focus on durability, system integration and long-term contribution to regional power needs. Each asset is positioned to deliver stable performance over its full operating life, reinforcing confidence among stakeholders and partners.

Alignment With National Energy Priorities India’s energy strategy is closely linked to economic growth, industrial competitiveness and long-term self-reliance. Hindustan Power’s expansion plan supports these objectives by strengthening domestic generation capacity and broadening the country’s energy mix.

Ratul Puri highlighted that renewable and transitional energy investments play an important role in enhancing energy stability and insulating the economy from external shocks. By committing capital to Indian infrastructure, Hindustan Power is contributing to a more predictable and resilient energy environment. In addition to strengthening power supply, the expansion is expected to generate regional economic value. Large-scale energy projects support employment, stimulate local supply chains and contribute to skill development in host communities.

Capital Strategy and Financial Strength Reaching a 5 GW milestone within a defined timeline requires a strong capital framework and disciplined financial planning. Hindustan Power is pursuing a long-term capital strategy focused on stability, prudent leverage and alignment with infrastructure investment horizons.

Ratul Puri observed that energy assets with strong fundamentals, policy alignment and long-term relevance continue to attract sustained interest from long-term capital providers. The company’s financial approach is designed to remain resilient across market cycles while supporting steady and measured growth.

Financial discipline remains central to Hindustan Power’s strategy, enabling expansion without compromising balance sheet strength or strategic flexibility.

Governance and Institutional Leadership Strong governance and institutional capability underpin Hindustan Power’s growth roadmap. Under Ratul Puri’s chairmanship, the company has emphasized structured decision-making, risk management and adherence to best practices across its operations.

Ratul Puri believes that as the energy sector becomes more competitive and regulated, companies with robust governance frameworks will be best positioned to adapt. Hindustan Power’s operating philosophy reflects this belief, combining strategic foresight with organizational discipline. Contributing to India’s Long-Term Vision India’s energy transition represents both an environmental responsibility and a strategic economic opportunity. Large-scale deployment of renewable and transitional energy supports industrial growth, improves energy access and lays the foundation for future infrastructure development.

Ratul Puri stated that private sector leadership is essential in translating national ambitions into on-ground capacity. Hindustan Power’s 5 GW roadmap reflects confidence in India’s policy direction and the long-term role of diversified energy solutions in the country’s power mix.

Outlook Beyond 2028 While the 5 GW target marks an important milestone, Ratul Puri views it as part of a longer-term journey. Hindustan Power’s strategic positioning allows it to remain an active participant in India’s evolving energy sector over the coming decades.Future growth will continue to be guided by alignment with national priorities, long-term planning and a clear focus on renewable and transitional energy within the domestic market.

Conclusion

Hindustan Power’s plan to build a 5 GW energy portfolio by 2028 highlights a strong alignment between corporate strategy and India’s evolving energy objectives. Guided by Ratul Puri’s leadership, the company is pursuing a focused, India-centric growth model centered on renewable and transitional energy.

As India advances toward its long-term power goals, initiatives of this scale highlight the importance of private sector participation in building a stable, resilient and forward-looking energy system. With a clear roadmap and institutional depth, Hindustan Power is positioning itself as a meaningful contributor to India’s energy future.

About Hindustan Power:

Hindustan Power is a leading integrated power generation company in India with a focus on renewable and transitional energy generation. With a commitment to sustainability and innovation, the company has been an active contributor to India’s energy transition.

Ratul Puri’s Hindustan Power Delivers Consistent Power to Support Assam’s Energy Needs

Ratul Puri — Tue, 24 Mar 2026 07:06:39 GMT

Reliable electricity often operates quietly in the background, yet it plays a defining role in shaping everyday life and driving economic progress. In Assam, where energy demand continues to rise across industries and households, access to consistent and dependable power is becoming increasingly critical to sustaining development and improving quality of life.

In this context, Hindustan Power has entered into a Power Supply Agreement (PSA) with Assam Power Distribution Company Limited (APDCL) for the supply of 130 MW of electricity. Executed through its subsidiary, MB Power (Madhya Pradesh) Ltd., the power is being supplied from the company’s transitional energy generation plant in Anuppur, Madhya Pradesh. Upon commencement, the power supply is ensuring a steady and reliable flow of electricity to the state.

While the agreement marks an important step in strengthening Assam’s power infrastructure, its impact extends far beyond the provision of electricity. Reliable and uninterrupted power forms the backbone of economic activity, enabling industries to operate efficiently, meet production timelines and scale operations without disruption. Under the leadership of Ratul Puri, Hindustan Power has consistently focused on delivering dependable energy solutions that support industrial growth and regional development.

For businesses, particularly in emerging and high-growth sectors, a stable power supply is essential for enhancing productivity and maintaining operational continuity. Ratul Puri’s emphasis on reliability ensures that industries have access to consistent energy, enabling them to expand with confidence and contribute to economic progress.

At the same time, dependable electricity supply contributes significantly to employment generation. By enabling businesses to scale operations and improve efficiency, reliable power indirectly supports workforce expansion and sustained livelihoods. This, in turn, drives local economic activity and strengthens regional development. The approach reflects Ratul Puri’s broader vision of enabling growth through robust and reliable energy infrastructure.

For households, consistent electricity supply improves quality of life in tangible ways. It ensures access to lighting, supports the use of essential appliances and enables the smooth functioning of critical services such as healthcare and education. Hospitals, schools and public infrastructure rely heavily on uninterrupted power to operate effectively, making reliability a key factor in delivering essential services. Strengthening such foundational systems remains central to Ratul Puri’s focus on creating long-term value through improved energy access.

The PSA has been structured under the Design, Build, Finance, Own, and Operate (DBFOO) model, reflecting a long-term approach to meeting Assam’s evolving energy requirements. It follows the earlier Letter of Award (LoA) issued by APDCL and represents a collaborative effort between a power producer and a state utility to ensure efficient alignment between supply and demand.

Commenting on the development, Ratul Puri, Chairman of Hindustan Power, said, “We value the opportunity to partner with APDCL, which reflects our continued focus on supporting state utilities with a stable and efficient power supply. We are pleased to contribute to Assam’s energy requirements and its broader development priorities.”

The collaboration between Hindustan Power and APDCL also highlights the importance of partnerships in building a resilient energy ecosystem. As highlighted by Ratul Puri, such collaborations between power producers and utilities are essential to ensuring efficient power delivery, supporting both immediate consumption needs and long-term development goals.

Hindustan Power’s ability to commence supply to APDCL demonstrates its strong operational readiness. More importantly, it reinforces the company’s position under the leadership of Ratul Puri as a reliable partner in addressing regional energy needs.

As Assam continues its development journey, the availability of consistent and dependable power will remain central to its progress. Through this agreement, Hindustan Power, led by Ratul Puri contributes not only to strengthening power reliability but also to enabling broader socio-economic growth across the region.

About Ratul Puri

Ratul Puri is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy. Over the years, Ratul Puri has been actively involved in developing large-scale energy infrastructure projects that support India’s growing power requirements and its transition toward cleaner energy sources.

About Hindustan Power

Hindustan Power is a leading integrated power generation company in India with a focus on renewable and transitional energy generation. With a commitment to sustainability and innovation, the company has been an active contributor to India's energy transformation.

Ratul Puri’s Lalitpur Solar Project Strengthens Clean Energy Push in Uttar Pradesh

Ratul Puri Chairman Hindustan Power — Sat, 21 Mar 2026 08:04:25 GMT

Ratul Puri’s Lalitpur solar project in Uttar Pradesh will generate 435 MW, boosting clean energy and supporting India’s renewable energy goals.

India’s transition toward renewable energy is increasingly shaping the way states plan their economic and infrastructure growth. In Uttar Pradesh’s Lalitpur district, a large solar power initiative is set to contribute to this shift while supporting the state’s expanding energy needs.

The project being developed by Hindustan Power under the leadership of Chairman Ratul Puri, involves the establishment of a 435 MWp solar power facility, marking one of the significant renewable energy investments in the region. Work on the project recently commenced following its announcement at the Clean Energy Summit in Lucknow, where industry leaders and policymakers discussed the role of renewable energy in supporting Uttar Pradesh’s long-term development goals.

Awarded by the Uttar Pradesh Power Corporation Limited (UPPCL) through a competitive bidding process, the project will supply clean electricity to the state for 25 years under a long-term power purchase agreement. Once operational, the solar plant will contribute to strengthening the state’s renewable energy capacity while supporting India’s broader energy transition.

Speaking about the development, Ratul Puri, Chairman, Hindustan Power, noted that the company looks forward to working closely with the local community as the project progresses. “With the Lalitpur project office now operational, our teams are eager to begin work on the ground. We look forward to engaging with local stakeholders and ensuring the project progresses smoothly,” he said.

Ratul Puri also highlighted the broader importance of expanding renewable infrastructure across India. “Large solar projects like this are important not only for strengthening clean energy capacity but also for supporting the long-term stability of the country’s power sector,” he added.

Beyond its role in energy generation, the Lalitpur solar project is expected to contribute to local economic activity during its construction and operational phases. Large infrastructure developments typically create opportunities across multiple sectors, from engineering and construction to logistics and site operations while also supporting services and supply chains in surrounding areas.

Emphasising the role of renewable energy in India’s development trajectory, Ratul Puri said, “India’s energy transition requires sustained investment in reliable renewable infrastructure. Projects such as this reflect our continued commitment to supporting the country’s clean energy goals.”

Uttar Pradesh has set ambitious renewable energy targets, aiming to reach 22,000 MW of renewable capacity by 2026–27. Projects such as the Lalitpur solar plant will play an important role in helping the state move closer to that goal while ensuring a stable supply of clean electricity for industries and households.

The initiative also aligns with Hindustan Power’s broader strategy to expand its renewable energy portfolio. The company has been steadily building capacity across solar and other clean energy segments as part of its 5-GW renewable energy target by 2028.

Commenting on the company’s long-term outlook, Ratul Puri noted, “Our focus remains on building high-quality energy assets that support India’s growing demand for power while contributing to a more sustainable energy ecosystem.”

As India continues to accelerate its renewable energy expansion, projects like the Lalitpur solar plant demonstrate how large-scale clean energy investments can strengthen power infrastructure while contributing to regional development.

About Ratul Puri

Ratul Puri is the Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy. Over the years, he has been involved in the development of large-scale energy infrastructure projects that support India’s growing power requirements and its transition toward cleaner energy sources.

About Hindustan Power

Hindustan Power is an integrated power generation company focused on renewable and transitional energy. The company has been actively contributing to India’s energy transformation through the development of solar power and other energy infrastructure projects.

How Ratul Puri Is Driving Hindustan Power’s 1 GW Solar-Plus-Storage Vision?

Ratul Puri — Mon, 12 Jan 2026 09:07:46 GMT

India’s energy transition is entering a complex second phase. We are moving past the era where simply "adding more solar" was enough. Today, the challenge isn't just generating power, it’s making sure that power is available when the grid actually needs it.

Under the leadership of Ratul Puri, Hindustan Power has spent 2025 making a series of moves that suggest a very specific roadmap for the future: a shift toward integrated, dispatchable energy.

The 1 GW Expansion: Not Just About Size

Recently, the company added nearly 1 GW of solar capacity and 0.75 GWh of energy storage. While the numbers are large, the more interesting part is the diversity of the geography and the model.

By securing projects through UPPCL (Uttar Pradesh), SJVN, and SECI, the company is diversifying its risk across different state and central agencies. The standout here is the 435 MWp project in Uttar Pradesh. In a state with rapidly growing industrial demand, a 25-year PPA provides the kind of long-term stability that is becoming rare in a volatile global energy market.

Why the Pivot to Storage (BESS) Matters

The most "un-seeded" truth about the power sector is that solar power is often produced when it is least needed. Ratul Puri’s strategy seems to be a direct answer to this "intermittency" problem.

By integrating over 0.75 GWh of storage—including a standalone 120 MWh project in Bihar—Hindustan Power is moving away from being a "commodity" power producer to a "solution" provider. This storage-first approach allows the company to:

Stabilize the Grid: Providing power during peak evening hours when solar is offline.
Meet Evolving Tenders: Government agencies (like SECI) are increasingly favoring players who can provide "round-the-clock" (RTC) power.

Role of BESS in India’s energy sector

Battery Energy Storage Systems (BESS) play a crucial role in the growth of renewable energy by addressing the challenge of intermittency associated with sources like solar and wind. Since renewable energy generation depends on weather conditions, BESS helps store excess energy produced during peak generation periods and releases it when demand is high or generation is low. This ensures a stable and reliable power supply, improves grid efficiency, and reduces dependency on fossil fuels for backup power. Additionally, BESS enhances energy security, supports peak load management, and enables better integration of renewable energy into the grid, making it essential for a sustainable and resilient energy future.

The Macro Perspective: Energy Security

If you look at the broader trajectory, Ratul Puri’s focus seems to be aligned with India’s goal of 500 GW of non-fossil capacity by 2030. However, instead of chasing every tender, the focus here has been on "quality capacity" projects that include the ISTS (Inter-State Transmission System) which allows power to be moved across state lines efficiently.

Final Thoughts

Hindustan Power’s recent wins aren't just a sign of growth; they are a sign of a maturing strategy. By balancing aggressive solar expansion with a heavy investment in battery storage, Ratul Puri is positioning the company to handle the grid of 2030, where flexibility will be just as valuable as the electricity itself.