Hindustan Power is set to increase its footprint in international markets to 2 GW by 2022, with the acquisition of 15 solar power generation projects in Japan. The company is also poised to enter the emerging Bangladesh market with 4x25 MW of solar projects at Trishal in the neighbouring country.
Commenting on the development, Ratul Puri, Chairman, Hindustan Power said, “As one of the early Indian players to focus on developing solar projects in the overseas markets, we have already invested close to Rs 3,000 crore, while the 2 GW target would entail an investment of Rs 10,000 crore. Our successful foray will encourage more Indian players to expand internationally, thereby allowing India to emerge as a solar power house.”
Lalit Jain, CEO, International Solar, Hindustan Power added, “A proposal to develop 4x25 MW solar project has been submitted to Government of Bangladesh and required land agreement has already been signed. We will take these projects in to construction in the next couple of quarters.”