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Hindustan Powerprojects to invest Rs.32,000 crore

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Hindustan Powerprojects Pvt Ltd (HPPPL), just-renamed Moser Baer Projects, plans to invest around Rs.32,000 crore over three years to increase its overall generation capacity by over 5,000 MW, of which 1,000 MW will come from solar power. The company’s current capacity fron hydro and solar generation is less than 1,000 MW.

Its solar business – Hindustan Cleanenergy – is looking to enhance its portfolio from 350 MW to 1000 MW by fiscal 2016-17 and has already invested Rs.5,500 crore on this.

India’s largest solar power development company will bring 100 MW of solar power online in the next few months, half of which will be generated in Gujarat in the country’s western extremity, where sunlight streams in late into the day.

Taking journalists on a tour of the company’s solar farm located here among mustard and cotton fields, 150 km from the state capital Gandhinagar, Rajya Wardhan Ghei, chief executive of the solar vertical, said scarcity of domestic coal and increasing demand for clean power has led HPPPL increasingly focus on solar power.

“Coal-based power plants face a lot of issues in acquisition of land and fuel.

linkages, causing delays in projects and higher costs. (State miner) Coal India is also finding it difficult to meet the country’s fuel requirements from domestic resources,” Ghei noted.

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